Question #2 Use the information below and complete the following: • Absorption costing income statement Variable costing income statement Reconciliation between the absorption costing & variable costing income statements Sales (2,000 units sold) Manufacturing Costs (2,200 units manufactured) Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Total Manufacturing Costs Variable Operating Expenses Fixed Operating Expenses Total Operating Expenses $ 4,400 11,000 6,600 8,800 2,500 12,700 $ 50,000 30,800 15.200
Question #2 Use the information below and complete the following: • Absorption costing income statement Variable costing income statement Reconciliation between the absorption costing & variable costing income statements Sales (2,000 units sold) Manufacturing Costs (2,200 units manufactured) Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Total Manufacturing Costs Variable Operating Expenses Fixed Operating Expenses Total Operating Expenses $ 4,400 11,000 6,600 8,800 2,500 12,700 $ 50,000 30,800 15.200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Question #2
Use the information below and complete the following:
● Absorption costing income statement
Variable costing income statement
● Reconciliation between the absorption costing & variable costing income
statements
Sales (2,000 units sold)
Manufacturing Costs (2,200 units manufactured)
Direct Materials
Direct Labor
Variable Manufacturing Overhead
Fixed Manufacturing Overhead
Total Manufacturing Costs
Variable Operating Expenses
Fixed Operating Expenses
Total Operating Expenses
Total Expenses
Manufacturing Income
$
4,400
11,000
6,600
8,800
2,500
12,700
$
$
50,000
30,800
15,200
46,000
4,000
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