The PC Supply Company manufactures memory cards that sell to wholesalers for $2.00 each. Variable...
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Accounting
The PC Supply Company manufactures memory cards that sell to wholesalers for $2.00 each. Variable and fixed costs are as follows: Variable Costs per card:
Manufacturing Direct materials $0.30 Direct labor 0.25 Factory overhead 0.25 Total: 0.80
Selling and admin. 0.15 Total $0.95
Fixed Costs per Month:
Factory overhead $4,000
Selling and admin. 3,000
Total $7,000 PC Supply produced and sold 10,000 cards during October 2012. There were no beginning or ending inventories. Required: a. Prepare a contribution income statement for the month of October. b. Determine PC Supply
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