June Company's actual data for 201A are given as follows: Units produced Units sold Selling price per unit Direct material costs 25,000 24,000 P200 30 Direct labor 20 Variable manufacturing overhead Variable selling costs Fixed manufacturing costs Fixed administrative costs 60 20 P600,000 300,000 Required: Prepare an income statement under (1) absorption costing, (2) variable costing, and (3) throughput costing.
June Company's actual data for 201A are given as follows: Units produced Units sold Selling price per unit Direct material costs 25,000 24,000 P200 30 Direct labor 20 Variable manufacturing overhead Variable selling costs Fixed manufacturing costs Fixed administrative costs 60 20 P600,000 300,000 Required: Prepare an income statement under (1) absorption costing, (2) variable costing, and (3) throughput costing.
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5PA: Wachowski Company reported these cost data for the year 2017. Use the data to complete the following...
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