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Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income
Posted: Thu May 19, 2022 3:43 pm
by answerhappygod
- Hayek Bikes Prepares The Income Statement Under Variable Costing For Its Managerial Reports And It Prepares The Income 1 (105 KiB) Viewed 76 times
Hayek Bikes prepares the income
statement under variable costing for its managerial reports, and it prepares the income
statement under absorption costing for external reporting. For its first month of operations, 325 bikes were produced and 215 were sold. Income
statement information under variable costing follows. Sales (215 * $1,775) Variable cost of goods sold (215 * $600) Variable selling and administrative expenses (215 x $60) Contribution margin Fixed overhead Fixed selling and administrative expenses $ 381,625 129,000 12,900 239,725 55, 250 80,000 $ 104,475 Income Prepare the
company's income
statement under absorption costing. HAYEK BIKES Income
Statement (Absorption Costing)