Prepare an income statement for the year ended

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Prepare an income statement for the year ended December 31, 2012, through gross profit for Aframe Company using the following information. Assume Aframe Company sold 1,100 units at $93 per unit. (Note: Normal production is 9,000 units) Standard: 3 yards per unit @ $4.50 per yard Actual yards used: 3,330 yards @ $6.00 per yard Standard: 3 hours per unit @ $14.40 Actual hours worked: 3,370 @ $12.90 per hour Standard: Variable overhead $0.70 per unit Standard: Fixed overhead $2.80 Actual total factory overhead $9,330 (budgeted and actual amount)

Reference no: EM131186488

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