Solution-Calculate the cost of goods sold under variable

Calculate the cost of goods sold under variable costing

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Reference no: EM131137814

During the most recent year, Osterman Company had the following data:

Units in beginning inventory	---
Units produced	10,000
Units sold ($47 per unit)	9,300
Variable costs per unit:
Direct materials	$9
Direct labor	$6
Variable overhead	$4
Fixed costs:
Fixed overhead per unit produced	$5
Fixed selling and administrative expenses	$138,000

Required:

1. Calculate the cost of goods sold under variable costing.

2. Prepare an income statement using variable costing.

Reference no: EM131137814

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Calculate the cost of goods sold under variable costing

Reference no: EM131137814

Reference no: EM131137814

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