Number of units produced 3,000 Number of units sold 2,500 Unit sales price $ 350 Direct materials per unit 80 Direct labor per unit 60 Variable manufacturing overhead per unit 10 Fixed manufacturing overhead per unit ($225,000 ÷ 3,000 units) 75 Total variable selling expenses ($15 per unit sold) 37,500 Total fixed general and administrative expenses 65,000 Im confused on how i would make a full absorption income statement with the information above.
Number of units produced 3,000 Number of units sold 2,500 Unit sales price $ 350 Direct materials per unit 80 Direct labor per unit 60 Variable manufacturing overhead per unit 10 Fixed manufacturing overhead per unit ($225,000 ÷ 3,000 units) 75 Total variable selling expenses ($15 per unit sold) 37,500 Total fixed general and administrative expenses 65,000 Im confused on how i would make a full absorption income statement with the information above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| Number of units produced | 3,000 | |
| Number of units sold | 2,500 | |
| Unit sales price | $ | 350 |
| Direct materials per unit | 80 | |
| Direct labor per unit | 60 | |
| Variable manufacturing |
10 | |
| Fixed manufacturing overhead per unit ($225,000 ÷ 3,000 units) | 75 | |
| Total variable selling expenses ($15 per unit sold) | 37,500 | |
| Total fixed general and administrative expenses |
65,000 |
Im confused on how i would make a full absorption income statement with the information above.
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