Please do not give solution in image format thanku Sweet Acacia Motors is a division of Sweet Acacia Products Corporation. The division manufactures and sells an electric switch usedin a wide variety of applications. During the coming year, it expects to sell 190,000 units for $8.00 per unit. Michelle Walker is thedivision manager. She is considering producing either 190,000 or 250,000 units during the period. Other information is as follows:Beginning inventoryExpected sales in unitsSelling price per unitVariable manufacturing cost per unitFixed manufacturing cost (total)Fixed manufacturing overhead costs per unitBased on 190,000 unitsBased on 250,000 unitsManufacturing cost per unitBased on 190,000 unitsDivision Information for 2022Based on 250,000 unitsVariable selling and administrative expenses0190,000$8.00$2.70$475,000$2.50 per unit ($475,000 ÷ 190,000)$1.90 per unit ($475,000 ÷ 250,000)$5.20 per unit ($2.70 variable + $2.50 fixed)$4.60 per unit ($2.70 variable + $1.90 fixed)$0.30 per unit Variable selling and administrative expensesFixed selling and administrative expenses (total)(a)Units produced$0.30Units sold$11,400Prepare an absorption-costing income statement, with one column showing the results if 190,000 units are produced and onecolumn showing the results if 250,000 units are produced.per unitSWEET ACACIAMOTORS DIVISIONIncome StatementFor the Year Ended 2022Absorption Costing$250,000$190,000

The income statement is prepared to record the revenues and expenses of the current period. The net…

Sweet Acacia Motors is a division of Sweet Acacia Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 190,000 units for $8.00 per unit. Michelle Walker is the division manager. She is considering producing either 190,000 or 250,000 units during the period. Other information is as follows: Division Information for 2022 Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 190,000 units Based on 250,000 units Manufacturing cost per unit Based on 190,000 units Based on 250,000 units Variable selling and administrative expenses 0 190,000 $8.00 $2.70 $475,000 $2.50 per unit ($475,000 ÷ 190,000) $1.90 per unit ($475,000 ÷ 250,000) $5.20 per unit ($2.70 variable + $2.50 fixed) $4.60 per unit ($2.70 variable + $1.90 fixed) $0.30 per unit

Sweet Acacia Motors is a division of Sweet Acacia Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 190,000 units for $8.00 per unit. Michelle Walker is the division manager. She is considering producing either 190,000 or 250,000 units during the period. Other information is as follows: Division Information for 2022 Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 190,000 units Based on 250,000 units Manufacturing cost per unit Based on 190,000 units Based on 250,000 units Variable selling and administrative expenses 0 190,000 $8.00 $2.70 $475,000 $2.50 per unit ($475,000 ÷ 190,000) $1.90 per unit ($475,000 ÷ 250,000) $5.20 per unit ($2.70 variable + $2.50 fixed) $4.60 per unit ($2.70 variable + $1.90 fixed) $0.30 per unit

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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