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ces 3 Complete this question by entering your answers in the tabs below. Variable Costing Prepare variable costing income statement for the year. Crystal Cold Coolers Incorporated Variable Costing Income Statement Full Absorption Costing Less: Variable cost of goods sold Contribution margin Less: Fixed costs Net operating income The following information pertains to the first year of operation for Crystal Cold Coolers Incorporated: 2,900 2,500 $ 350 $65 $ 55 $ 12 $.70 $ 30,000 $ 59,000 Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($203,000+2,900 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Show Transcribed Text Complete this question by entering your answers in the tabs below. Ű Full Absorption Variable Costing Costing Prepare Crystal Cold's full absorption costing income statement for the year. Crystal Cold Coolers Incorporated Full Absorption Costing Income Statement Sales Less: Cost of goods sold Gross margin Less: Non-manufacturing expenses Variable selling expense Fixed general and administrative expenses Net operating income $ 875,000

ces 3 Complete this question by entering your answers in the tabs below. Variable Costing Prepare variable costing income statement for the year. Crystal Cold Coolers Incorporated Variable Costing Income Statement Full Absorption Costing Less: Variable cost of goods sold Contribution margin Less: Fixed costs Net operating income The following information pertains to the first year of operation for Crystal Cold Coolers Incorporated: 2,900 2,500 $ 350 $65 $ 55 $ 12 $.70 $ 30,000 $ 59,000 Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($203,000+2,900 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Show Transcribed Text Complete this question by entering your answers in the tabs below. Ű Full Absorption Variable Costing Costing Prepare Crystal Cold's full absorption costing income statement for the year. Crystal Cold Coolers Incorporated Full Absorption Costing Income Statement Sales Less: Cost of goods sold Gross margin Less: Non-manufacturing expenses Variable selling expense Fixed general and administrative expenses Net operating income $ 875,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ces 3 Complete this question by entering your answers in the tabs below. Variable Costing Prepare variable costing income statement for the year. Crystal Cold Coolers Incorporated Variable Costing Income Statement Full Absorption Costing Less: Variable cost of goods sold Contribution margin Less: Fixed costs Net operating income <Full Absorption Costing Variabile Costing >
Transcribed Image Text:ces 3 Complete this question by entering your answers in the tabs below. Variable Costing Prepare variable costing income statement for the year. Crystal Cold Coolers Incorporated Variable Costing Income Statement Full Absorption Costing Less: Variable cost of goods sold Contribution margin Less: Fixed costs Net operating income <Full Absorption Costing Variabile Costing >
The following information pertains to the first year of operation for Crystal Cold Coolers Incorporated: 2,900 2,500 $ 350 $65 $ 55 $ 12 $.70 $ 30,000 $ 59,000 Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($203,000+2,900 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Show Transcribed Text Complete this question by entering your answers in the tabs below. Ű Full Absorption Variable Costing Costing Prepare Crystal Cold's full absorption costing income statement for the year. Crystal Cold Coolers Incorporated Full Absorption Costing Income Statement Sales Less: Cost of goods sold Gross margin Less: Non-manufacturing expenses Variable selling expense Fixed general and administrative expenses Net operating income $ 875,000
Transcribed Image Text:The following information pertains to the first year of operation for Crystal Cold Coolers Incorporated: 2,900 2,500 $ 350 $65 $ 55 $ 12 $.70 $ 30,000 $ 59,000 Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($203,000+2,900 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Show Transcribed Text Complete this question by entering your answers in the tabs below. Ű Full Absorption Variable Costing Costing Prepare Crystal Cold's full absorption costing income statement for the year. Crystal Cold Coolers Incorporated Full Absorption Costing Income Statement Sales Less: Cost of goods sold Gross margin Less: Non-manufacturing expenses Variable selling expense Fixed general and administrative expenses Net operating income $ 875,000
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