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PR 21-1B Absorption and variable costing income statements Obj. 1,2 ...

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Accounting

PR 21-1B Absorption and variable costing income statements
Obj. 1,2
During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating data for the month are summarized as follows:
Sales
$2,150,000
Manufacturing costs:
Direct materials
Direct labor
Variable manufacturing cost
Fixed manufacturing cost
Selling and administrative expenses:
Variable
Fixed
\table[[$960,000
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