+ KONADE 1011 | VAUKAJ FINENRAUs a variety of camping products. Kecently the company opened a new factory to manufacture a deluxe portable cooking unit Cost and sales data for the first month of operation are shown below Beginning inventory Units produced Units sold Manufacturing costs Fixed overhead: Variable overhead Direct labour Direct material Selling and administrative costs Fixed Variable 0 units 10,600 9,300 $84,800 $4 per unit $10 per unit $26 per unit $198.200 $3 per unit sold The portable cooking unit sells for $112. Management is interested in the opening month's results and has asked for an income statement Assuming the company uses absorption costing Prepare an absorption-costing income statement for the first month of operation Sales Cost of goods sold V VaughnProducts Income Statement-Absorption Costing For the first month of operations

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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TSUULAS FINRUUNBA es use a variety or camping products. Recently the company opened a new factory to manufacture a
deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below:
Beginning inventory
Units produced
Units sold
Manufacturing costs
Fixed overhead
Variable overhead
Direct labour
Direct material
Selling and administrative costs
Fixed
Variable
0 units
10,600
9,300
$84,800
$4 per unit
$10 per unit
$26 per unit
$198,200
$3 per unit sold
The portable cooking unit sells for $112 Management is interested in the opening month's results and has asked for an income
statement
Assuming the company uses absorption costing
Prepare an absorption-costing income statement for the first month of operation
VaughnProducts
Income Statement-Absorption Costing
For the first month of operations
Sales
Cost of goods sold
v
V
$
Transcribed Image Text:TSUULAS FINRUUNBA es use a variety or camping products. Recently the company opened a new factory to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below: Beginning inventory Units produced Units sold Manufacturing costs Fixed overhead Variable overhead Direct labour Direct material Selling and administrative costs Fixed Variable 0 units 10,600 9,300 $84,800 $4 per unit $10 per unit $26 per unit $198,200 $3 per unit sold The portable cooking unit sells for $112 Management is interested in the opening month's results and has asked for an income statement Assuming the company uses absorption costing Prepare an absorption-costing income statement for the first month of operation VaughnProducts Income Statement-Absorption Costing For the first month of operations Sales Cost of goods sold v V $
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