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If the fixed manufacting cost were 42900 and te variable

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Reference no: EM13574081

On October , the end of the first month of operation, Al's Company, prepparte the following income statment based on absorption costing

  • Sales (2,600 units) 104,000
  • Cost of Goods sold:
  • Cost of Good Manufactured $85,500
  • less ending inventory (400) 11,400
  • Cost of good sold 74,100
  • Gross Profit 29,900
  • Selling & adminsitrative Expenses 21,500
  • Income from operation 8,400

if the fixed manufacting cost were $42,900 and te variable selling and adminstrative expense were $14,600, prepare an income statment in accordance with the variable csting conept.

Reference no: EM13574081

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