ices Prepare Crystal Cold's full absorption costing income statement for the year. Crystal Cold Coolers Incorporated Full Absorption Costing Income Statement Less: Cost of goods sold Gross margin Less: Non-manufacturing expenses Net operating income Prepare variable costing income statement for the year. Crystal Cold Coolers Incorporated Variable Costing Income Statement Less: Variable cost of goods sold Contribution margin Less: Fixed costs
ices Prepare Crystal Cold's full absorption costing income statement for the year. Crystal Cold Coolers Incorporated Full Absorption Costing Income Statement Less: Cost of goods sold Gross margin Less: Non-manufacturing expenses Net operating income Prepare variable costing income statement for the year. Crystal Cold Coolers Incorporated Variable Costing Income Statement Less: Variable cost of goods sold Contribution margin Less: Fixed costs
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 14EA: Cool Pool has these costs associated with production of 20,000 units of accessory products: direct...
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Please do not give solution in image format thanku
![k
ices
Prepare Crystal Cold's full absorption costing income statement for the year.
Crystal Cold Coolers Incorporated
Full Absorption Costing
Income Statement
Less: Cost of goods sold
Gross margin
Less: Non-manufacturing expenses
Net operating income
Prepare variable costing income statement for the year.
Crystal Cold Coolers Incorporated
Variable Costing
Income Statement
Less: Variable cost of goods sold
Contribution margin
Less: Fixed costs
Net operating income
:::
Navt](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61b0aba0-7f29-452f-ab05-e6721bfe85c0%2F812c1bce-826d-415b-ad6f-42410556c4e2%2F4h9r2l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:k
ices
Prepare Crystal Cold's full absorption costing income statement for the year.
Crystal Cold Coolers Incorporated
Full Absorption Costing
Income Statement
Less: Cost of goods sold
Gross margin
Less: Non-manufacturing expenses
Net operating income
Prepare variable costing income statement for the year.
Crystal Cold Coolers Incorporated
Variable Costing
Income Statement
Less: Variable cost of goods sold
Contribution margin
Less: Fixed costs
Net operating income
:::
Navt
![The following information pertains to the first year of operation for Crystal Cold Coolers Incorporated:
Number of units produced
Number of units sold
Unit sales price
3,200
2,500
$335
$ 65
$ 55
$ 12
$75
$ 25,000
$ 61,000
Direct materials per unit
Direct labor per unit.
Variable manufacturing overhead per unit
Fixed manufacturing overhead per unit ($240,000+3,200 units)
Total variable selling expenses ($10 per unit sold)
Total fixed general and administrative expenses](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61b0aba0-7f29-452f-ab05-e6721bfe85c0%2F812c1bce-826d-415b-ad6f-42410556c4e2%2F35gaqbq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information pertains to the first year of operation for Crystal Cold Coolers Incorporated:
Number of units produced
Number of units sold
Unit sales price
3,200
2,500
$335
$ 65
$ 55
$ 12
$75
$ 25,000
$ 61,000
Direct materials per unit
Direct labor per unit.
Variable manufacturing overhead per unit
Fixed manufacturing overhead per unit ($240,000+3,200 units)
Total variable selling expenses ($10 per unit sold)
Total fixed general and administrative expenses
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