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R Facebook WileyPLUS-2016SP-X/ LI WileyPLUS × Chegg.com G Google -e c Dedugen.wileyplus.com/edugen/lti/main.un. VVIIeyPLUS System Announcements(2 Unrea AccessUH-Universit, × Help Assignment AssignmentOpen Assignment CALCULATOR PRINTER VERSION BACK NEXT Problem 5-16 The following information relates to Dorian Industrial for fiscal 2014, the company's first year of operation: ASSIGNMENT RESOURCES omework #5 Ch Units produced Units sold Selling price per unit Direct material per unit Direct labor per unit Variable manufacturing overhead per unit $ Variable selling cost per unit Annual fixed manufacturing overhead $1,287,000 Annual fixed selling expense Annual fixed administrative expense 429,000 418,600 51 15 Problem 5-16 Review Sco Review Results Study Objectiv 0.01 $ 314,000 105,000 Prepare an income statement using full costing. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Dorian Industrial Income Statement For the Year Ended December 31, 2014 License Agreement| Privacy Policy 2000-2016 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc Version 4.17.2.2Explanation / Answer
Income statement using full costing system:
Notes for cost of manufacturing:
Answer for variable costing method:
Note for variable cost of manufacturing:
Particulars Amount Sales (418,600*51) $21,348,600.00 Minus: Cost of goods sold $10,883,600.00 Gross profit $10,465,000.00 Minus: Variable selling expenses $4,186.00 Fixed selling expenses $314,000.00 Fixed administrative expenses $105,000.00 Net operating income $10,041,814.00Related Questions
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