eBook Show Me How Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryville

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Ebook Show Me How Absorption Costing Income Statement On October 31 The End Of The First Month Of Operations Maryville 1 (32.06 KiB) Viewed 46 times

Ebook Show Me How Absorption Costing Income Statement On October 31 The End Of The First Month Of Operations Maryville 2 (39.46 KiB) Viewed 46 times

eBook Show Me How Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concept: Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31 Sales (14,300 units) Variable cost of goods sold: Variable cost of goods manufactured Inventory, October 31 (2,600 units) Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income Print Item 1439,400 (67,600) $84,500 57,200 $915,200 (371,800) $543,400 I(243,100) $300,300 (141,700) $158,600 Prepare an income statement under absorption costing. Round all final answers to whole dollars.

Show Me How Prepare an income statement under absorption costing. Round all final answers to whole dollars. Maryville Equipment Company Sales Cost of goods sold: Cost of goods manufactured Inventory, October 31 Absorption Costing Income Statement For the Month Ended October 31 Total cost of goods sold Gross profit - V Selling and administrative expenses Operating income Feedback Print Itern 523,900 915,200 DOÓC 300.300 ✔ Check My Work Sales (cost of goods manufactured* absorption costing ending inventory**)= Gross Profit; Gross profit-selling and administrative ex income *Cost of goods manufactured = total variable manufacturing costs + fixed manufacturing costs **Absorption Costing Ending Inventory (Total manufacturing costs/variable manufacturing units) x variable costing ending inventory un