Direct Materials $90,000 Direct Labor 120,000 Variable factory overhead 60,000 Fixed factory overhead 150,000 Fixed...
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Accounting
Direct Materials $90,000
Direct Labor 120,000
Variable factory overhead 60,000
Fixed factory overhead 150,000
Fixed marketing/admin expense 180,000
The factory produced 80,000 units during the period, and 70,000 units were sold for $700,000
1. Prepare an income statement using variable costing.
2. Prepare an income statement using absorption costing.
(round unit costs to three decimal places)
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