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Requirements 1. Prepare the April income statement using variable costing. 2. Determine the product cost per unit and the total cost of the 2,000 cases in Finished Goods Inventory as of April 30. Print Done

Requirements 1. Prepare the April income statement using variable costing. 2. Determine the product cost per unit and the total cost of the 2,000 cases in Finished Goods Inventory as of April 30. Print Done

FINANCIAL ACCOUNTING
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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total fixed cost were 75,000. plwase follow format

Requirements 1. Prepare the April income statement using variable costing. 2. Determine the product cost per unit and the total cost of the 2,000 cases in Finished Goods Inventory as of April 30. Print Done - X
Transcribed Image Text:Requirements 1. Prepare the April income statement using variable costing. 2. Determine the product cost per unit and the total cost of the 2,000 cases in Finished Goods Inventory as of April 30. Print Done - X
Vita Ade produced 10,000 cases of powdered drink mix and sold 8,000 cases in April. The sales price was $28, variable costs were $11 per case (58 manufacturing ar costs were $75,000 ($60,000 manufacturing overhead and $15,000 selling and administrative) The company had no beginning Finished Goods Inventory Read the requirements Requirement 1. Prepare the April income statement using variable costing Vita Ade Income Statement (Variable Costing) Month Ended April 30 Operating Income 11 SETTE 4
Transcribed Image Text:Vita Ade produced 10,000 cases of powdered drink mix and sold 8,000 cases in April. The sales price was $28, variable costs were $11 per case (58 manufacturing ar costs were $75,000 ($60,000 manufacturing overhead and $15,000 selling and administrative) The company had no beginning Finished Goods Inventory Read the requirements Requirement 1. Prepare the April income statement using variable costing Vita Ade Income Statement (Variable Costing) Month Ended April 30 Operating Income 11 SETTE 4
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