S6-15 Prepare income statements using variable costing and absorption costing with no change in inventory levels (Learning Objective 6) Dalton's Products manufactures a single product. Cost, sales, and production informat for the company and its single product is as follows: • Selling price per unit is $65 • Variable manufacturing costs per unit manufactured (includes direct materials (DM direct labor (DLL and variable MOH) $31 • Variable operating expenses per unit sold $2 • Fixed manufacturing overhead (MOH) in total for the year $208,000 • Fixed operating expenses in total for the year $89,000 • Units manufactured and sold for the year 13,000 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Requirements
1. Prepare an income statement for the upcoming year using variable costing.
2. Prepare an income statement for the upcoming year using absorption costing.
bnuo
oup b
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im toodab
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od boos 1o
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Transcribed Image Text:Requirements 1. Prepare an income statement for the upcoming year using variable costing. 2. Prepare an income statement for the upcoming year using absorption costing. bnuo oup b oo a to im toodab eion d od boos 1o esoni i bon bns vadi oldia yod be nidh vas sldarlor on olima
S6-15 Prepare income statements using variable costing and absorption
costing with no change in inventory levels (Learning Objective 6)
Dalton's Products manufactures a single product. Cost, sales, and production information
for the company and its single product is as follows:
Selling price per unit is $65
Variable manufacturing costs per unit manufactured (includes direct materials (DM
direct labor [DL and variable MOH) $31
• Variable operating expenses per unit sold $2
• Foxed manufacturing overhead (MOH) in total for the year $208,000
• Fixed operating expenses in total for the year $89,000
• Units manufactured and sold for the year 13,000 units
Transcribed Image Text:S6-15 Prepare income statements using variable costing and absorption costing with no change in inventory levels (Learning Objective 6) Dalton's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: Selling price per unit is $65 Variable manufacturing costs per unit manufactured (includes direct materials (DM direct labor [DL and variable MOH) $31 • Variable operating expenses per unit sold $2 • Foxed manufacturing overhead (MOH) in total for the year $208,000 • Fixed operating expenses in total for the year $89,000 • Units manufactured and sold for the year 13,000 units
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