Solution-Prepare an income statement based on the

Prepare an income statement based on the absorption costing

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Question - During the first month of operations ended May 31, 2010, Dorm Room Appliance Company manufactured 10,300 microwaves, of which 9,700 were sold. Operating data for the month are summarized as follows:

Sales		$1,455,000
Manufacturing costs:
Direct materials	$721,000
Direct labor	216,300
Variable manufacturing cost	185,400
Fixed manufacturing cost	92,700	1,215,400
Selling and administrative expenses:
Variable	$116,400
Fixed	53,350	169,750

Prepare an income statement based on the absorption costing concept. Enter all amounts as positive numbers.

Prepare an income statement based on the variable costing concept. Enter all amounts as positive numbers.

Reference no: EM131787284

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Prepare an income statement based on the absorption costing

Reference no: EM131787284

Reference no: EM131787284

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