During 2030, Basler Manufacturing produced 60,000 units and sold 55,000 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $120,000 ($2 per unit). Variable selling and administrative costs were $1 per unit sold, and fixed selling and administrative costs were $30,000. Prepare a variable costing income statement. • Round answers to 2 decimal places, e.g. 12.25. FXexample, When typing your responses, do NOT include a dollar sign. Fokexample, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Variable Costing Incom Shab .
During 2030, Basler Manufacturing produced 60,000 units and sold 55,000 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $120,000 ($2 per unit). Variable selling and administrative costs were $1 per unit sold, and fixed selling and administrative costs were $30,000. Prepare a variable costing income statement. • Round answers to 2 decimal places, e.g. 12.25. FXexample, When typing your responses, do NOT include a dollar sign. Fokexample, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Variable Costing Incom Shab .
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:During 2030, Basler Manufacturing produced 60,000 units and sold 55,000 for $10
per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing
overhead was $120,000 ($2 per unit). Variable selling and administrative costs were
$1 per unit sold, and fixed selling and administrative costs were $30,000.
Prepare a variable costing income statement.
Round answers to 2 decimal places, e.g. 12.25.
When typing your responses, do NOT include a dollar sign. Foexample, if your answer
is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign.
Variable Costing Income Statement
Balser Manufacturing
Income Statement (Variable Costing)
.
Sales
Variable Cost of Goods Sold
Variable Selling and Administrative
Expenses
Contribution Margin
Fixed Manufacturing Overhead
Fixed Selling and Administrative Expenses
Net Income /(Loss)
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