$ 2.50 $ 1.50 %2$ Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Variable selling and administration expenses $ Units produced Units sold Sales price Fixed manufacturing expenses Fixed selling and administration expenses $ 0.25 1.75 40,000 35,000 12 $140,000 $ 20,000

$ 2.50 $ 1.50 %2$ Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Variable selling and administration expenses $ Units produced Units sold Sales price Fixed manufacturing expenses Fixed selling and administration expenses $ 0.25 1.75 40,000 35,000 12 $140,000 $ 20,000

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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Hello, I need help solving this accounting problem.
Prepare the Income Statement for the month ended 31 December 2021 using the variable costing method.
Use the information given in the image to prepare the Income Statement for March 2022 according to theabsorption costing method.
Please do not give solution in image format thanku
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