2The following contains information about April's production for Cabinera, Incorporated.34 Units produced5Units sold6 Sales price7 Direct materials cost per unit8 Direct labor cost per unit9 Variable overhead cost per unit20 Fixed overhead (total)1 Variable selling expense per unit sold2 Fixed administrative expense34Required:5 1. Prepare a Traditional Income Statement (Absorption Costing).6 2. Prepare a Contribution Format Income Statement (Variable Costing).7tadigan10,0009,000$450.00$104.00$91.00$64.00$652,000$22.00$258,000oprede

Introduction:Under traditional method, cost of goods sold is deducted from sales revenue in order to…

The following contains information about April's production for Cabinera Units produced Units sold Sales price Direct materials cost per unit Direct labor cost per unit Variable overhead cost per unit Fixed overhead (total) Variable selling expense per unit sold Fixed administrative expense 10,000 9,000 $450.00 $104.00 $91.00 $64.00 $652,000 $22.00 $258,000 Required: 1. Prepare a Traditional Income Statement (Absorption Costing). 2. Prepare a Contribution Format Income Statement (Variable Costing).

The following contains information about April's production for Cabinera Units produced Units sold Sales price Direct materials cost per unit Direct labor cost per unit Variable overhead cost per unit Fixed overhead (total) Variable selling expense per unit sold Fixed administrative expense 10,000 9,000 $450.00 $104.00 $91.00 $64.00 $652,000 $22.00 $258,000 Required: 1. Prepare a Traditional Income Statement (Absorption Costing). 2. Prepare a Contribution Format Income Statement (Variable Costing).

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter19: Variable Costing (varcost)

Section: Chapter Questions

Problem 4R: To determine the effect of different levels of production on the company’s income, move to cell B7...

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