day's Amazon Deals x P Pearson eText × ❘ P Assignment Material t/Integrated Assignment Overview.aspx?homeworkId=685283324 × P Homework X TE E k Question Part 3 of 8 Completed: 1 of 3 My score: 16.62/25 pts (66.48%) Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as fo (Click the icon to view the data.) The effic Rea Data table - X ed manufacturing cost pe onth in which it occurs. A B C April May O Req (a) F the b 1 2 Unit data: 3 Beginning inventory 4 Production 5 Sales Re Var 7 8 Var Co Fix Fix 69 $ 6 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold 9 Fixed costs: Manufacturing costs 10 11 Operating (marketing) costs Operating income Get more help - A 80 F3 000 000 ing and (b) absorption c top half of the income 0 100 500 400 400 450 50,000 8,000 $ 4,000 8,000 4,000 $ 2,200,000 $ 2,200,000 800,000 800,000 00,000 00,000 50,000 00,000 00,000 P 1,400,000 1,950,000 Print Done MacBook Air DII DD A Today's Amazon Deals x P Pearson eText dent/Integrated Assignment Overview.aspx?homeworkId=685283324 work ? Assignment Material P Homework Throughput Costing Inc X + Σ e Emily Bayes 04/10/25 9:31 PM Question Part 3 of 8 Completed: 1 of 3 Save My score: 16.62/25 pts (66.48%) Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as follows: (Click the icon to view the data.) The selling price per vehicle is $23,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 500 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. Read the requirements. Fixed manufacturing costs Fixed operating costs Operating income 2,200,000 800,000 $ 1,400,000 2,200,000 800,000 $ 1,950,000 (b) Prepare April and May 2020 income statements for Cool Car Motors under absorption costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Enter a "0" for any zero balance accounts. Label any variances as favorable (F) or unfavorable (U). If an account does not have a variance, do not select a label.) Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Deduct ending inventory Adjustment for production-volume variance Cost of goods sold Gross margin es Get more help 4 3 E 80 F3 $ 14 000 000 F4 95 % April 2020 MacBook Air F5 F6 May 2020 বব DII DD F7 F8 F9 F10 6 7 29 & * ( ) 8 9 0 Y U Clear all Check answer F11 34 0 { P [ + 11 = ())) F12 11 de

day's Amazon Deals x P Pearson eText × ❘ P Assignment Material t/Integrated Assignment Overview.aspx?homeworkId=685283324 × P Homework X TE E k Question Part 3 of 8 Completed: 1 of 3 My score: 16.62/25 pts (66.48%) Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as fo (Click the icon to view the data.) The effic Rea Data table - X ed manufacturing cost pe onth in which it occurs. A B C April May O Req (a) F the b 1 2 Unit data: 3 Beginning inventory 4 Production 5 Sales Re Var 7 8 Var Co Fix Fix 69 $ 6 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold 9 Fixed costs: Manufacturing costs 10 11 Operating (marketing) costs Operating income Get more help - A 80 F3 000 000 ing and (b) absorption c top half of the income 0 100 500 400 400 450 50,000 8,000 $ 4,000 8,000 4,000 $ 2,200,000 $ 2,200,000 800,000 800,000 00,000 00,000 50,000 00,000 00,000 P 1,400,000 1,950,000 Print Done MacBook Air DII DD A Today's Amazon Deals x P Pearson eText dent/Integrated Assignment Overview.aspx?homeworkId=685283324 work ? Assignment Material P Homework Throughput Costing Inc X + Σ e Emily Bayes 04/10/25 9:31 PM Question Part 3 of 8 Completed: 1 of 3 Save My score: 16.62/25 pts (66.48%) Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as follows: (Click the icon to view the data.) The selling price per vehicle is $23,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 500 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. Read the requirements. Fixed manufacturing costs Fixed operating costs Operating income 2,200,000 800,000 $ 1,400,000 2,200,000 800,000 $ 1,950,000 (b) Prepare April and May 2020 income statements for Cool Car Motors under absorption costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Enter a "0" for any zero balance accounts. Label any variances as favorable (F) or unfavorable (U). If an account does not have a variance, do not select a label.) Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Deduct ending inventory Adjustment for production-volume variance Cost of goods sold Gross margin es Get more help 4 3 E 80 F3 $ 14 000 000 F4 95 % April 2020 MacBook Air F5 F6 May 2020 বব DII DD F7 F8 F9 F10 6 7 29 & * ( ) 8 9 0 Y U Clear all Check answer F11 34 0 { P [ + 11 = ())) F12 11 de

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 2.3C

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