eBook Show Me How For the Month Ended April 30 Sales (3,300 units)...
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Accounting
eBook
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For the Month Ended April 30 | ||||
Sales (3,300 units) | $72,600 | |||
Cost of goods sold: | ||||
Cost of goods manufactured (3,900 units) | $62,400 | |||
Inventory, April 30 (500 units) | (8,000) | |||
Total cost of goods sold | (54,400) | |||
Gross profit | $18,200 | |||
Selling and administrative expenses | (11,030) | |||
Operating income | $7,170 |
If the fixed manufacturing costs were $13,104 and the fixed selling and administrative expenses were $5,400, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.
eBook
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Fixed manufacturing costsInventory, April 30Fixed selling and administrative expensesManufacturing marginSales | ||
InventorySalesTotal variable cost of goods manufacturedTotal variable cost of goods soldTotal variable selling and administrative expenses | ||
Contribution marginFixed manufacturing costsInventoryManufacturing marginSales | $ | |
Manufacturing marginSalesVariable cost of goods manufacturedVariable cost of goods soldVariable selling and administrative expenses | ||
Contribution marginFixed selling and administrative expensesInventoryManufacturing marginSales | $ | |
Fixed costs: | ||
Fixed manufacturing costsFixed inventoryVariable cost of goods manufacturedVariable cost of goods soldVariable selling and administrative expenses | $ | |
Fixed selling and administrative expensesFixed inventoryFixed salesVariable cost of goods soldVariable selling and administrative expenses | ||
Contribution marginOperating incomeManufacturing marginSalesTotal fixed costs | ||
Operating incomeLoss from operations | $ |
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