ExerAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $23, variable costs were $12 per case ($9 manufacturing and $3 selling and administrative), and total fixed costs were $100,000 ($91,000 manufacturing overhead and $9,000 selling and administrative). The company had no beginning Finished Goods Inventory. Read the requirements. i Requirements 1. Prepare the April income statement using variable costing. 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. Print Done
ExerAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $23, variable costs were $12 per case ($9 manufacturing and $3 selling and administrative), and total fixed costs were $100,000 ($91,000 manufacturing overhead and $9,000 selling and administrative). The company had no beginning Finished Goods Inventory. Read the requirements. i Requirements 1. Prepare the April income statement using variable costing. 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Requirement 1. Prepare the April income statement using variable costing.
Operating Income
Sporanny movie
The
cost
ExerAde
Requirement 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods
Inventory as of April 30.
per
unit is
IS
Income Statement (Variable Costing)
Month Ended April 30, 2018
and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30 is $
Transcribed Image Text:ExerAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was
$23, variable costs were $12 per case ($9 manufacturing and $3 selling and administrative), and total fixed costs
were $100,000 ($91,000 manufacturing overhead and $9,000 selling and administrative). The company had no
beginning Finished Goods Inventory.
Read the requirements.
i Requirements
1. Prepare the April income statement using variable costing.
2. Determine the product cost per unit and the total cost of the 1,000 cases in
Finished Goods Inventory as of April 30.
Print
Done
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