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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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