Using the absorption costing method, prepare an income statement for April 2021 Company XYZ for the month ended in April

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answerhappygod
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Using the absorption costing method, prepare an income statement for April 2021 Company XYZ for the month ended in April

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Using the absorption costing method, prepare anincome statement for April 2021
Company XYZ for the month ended in April 2021 is asfollows
( The variable manufacturing cost per unit and totalmanufacturing cost per unit of finished product on 01 April 2021was $21.60 and $26.20 respectively )
Sales =3200units
Selling price per unit = $100
Fixed manufacturing cost = $25,200
Fixed selling and admin costs = $12,400
Finished products on 01 April 2021 = 400units
Products manufactured during month = 3600units
Variable cost per unit = $26
Variable selling & admin cost per sold unit = $12
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