2. Prepare a variable-costing income statement for the first month of operation. TamariskProducts Income Statement-Varia

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2 Prepare A Variable Costing Income Statement For The First Month Of Operation Tamariskproducts Income Statement Varia 1 (20.49 KiB) Viewed 47 times

2 Prepare A Variable Costing Income Statement For The First Month Of Operation Tamariskproducts Income Statement Varia 2 (9.21 KiB) Viewed 47 times

2. Prepare a variable-costing income statement for the first month of operation. TamariskProducts Income Statement-Variable Costing For the first month of operations Variable costs $ e cost of goods sold e selling and administrative expenses riable costs ution margin Fixed costs anufacturing overhead alling and administrative expenses ed costs ing income 342000 36000 130800 i 199500 $ SA $ 999000 378000 621000 i 290700 330300
Tamarisk Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below: Beginning inventory 0 units Units produced 10,900 Units sold 9,000 Manufacturing costs Fixed overhead $130,800 Variable overhead $4 per unit Direct labour $9 per unit Direct material $25 per unit Selling and administrative costs Fixed $199,500 Variable $4 per unit sold The portable cooking unit sells for $111. Management is interested in the opening month's results and has asked for an income statement. (a) Your answer is correct. Assuming the company uses variable costing: 1. Calculate the manufacturing cost per unit. Manufacturing cost $ 38 per unit
Your answer is partially correct. Reconcile the difference in net income between the absorption-costing and variable-costing methods. Variable costing operating income 290700 Fixed manufacturing overhead costs deferred in ending inventory Absorption costing operating income