Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. absorption and variable costing income statements

Absorption and Variable Costing Income Statements Sales $1,066,500 Manufacturing costs: Direct materials Direct...

90.2K

Verified Solution

Question

Accounting

Absorption and Variable Costing Income Statements
Sales
$1,066,500
Manufacturing costs:
Direct materials
Direct labor
Variable manufacturing cost
Fixed manufacturing cost
901,000
Selling and administrative expenses:
Variable
Fixed
Required:
Prepare an income statement based on the absorption costing concept.
YoSan Inc.
Absorption Costing Income Statement
For the Month Ended July 31
Line Item Description Amount Amount
Cost of goods sold:
2. Prepare an income statement based on the variable costing concept.
YoSan Inc.
Variable Costing Income Statement
For the Month Ended July 31
Line Item Description Amount Amount
Variable cost of goods sold:
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Programming
1.2K views

This is based on LinkedLists. Please complete the methods max() and threshold(). I'd greatly appreciate it....

Advance Math
1.2K views

f(x)= 9x^4-2x^3-36x^2+8x/3x^3+x^2-14 -Factor the numerator and denominator of f(x) completely. -Write the domain of f(x) in interval...

Basic Math
1.2K views

K Find for the function y 7 dy dx dy dx

Basic Math
1.2K views

Simplify and evaluate each of the following expressions a 10x x 3 4x 11x x...

Basic Math
1.2K views

Use generating functions to find the number of ways to select 8 balls from a...

Basic Math
1.2K views

Question 13 5 points b t C 10 XL tl nin fourier dontsm n a...

Statistics
1.2K views

13 I noticed that the prices of avocados increased lately A few weeks ago the...

Statistics
1.2K views

To construct a confidence interval for the difference between two population means H use the...

Algebra
1.2K views

If sin 20 cos 20 2 2 cos a then a is equal to

Algebra
1.2K views

y x 2 x y Ordered Pair 2 1 0 1 2 8y 16x 32...

Accounting
1.2K views

Smith Company sells its products at $860 per unit, net 30. The firm's gross margin...

Accounting
1.2K views

Using the percentage method for manual payroll systems with Forms W-4 from 2020 or later...