Home | Chegg com I Online teac w.com/im/tak Main.do?invoker Show Me How Absorpti

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Home | Chegg com I Online teac w.com/im/tak Main.do?invoker Show Me How Absorption Costing Income Statement On March 31, the end of the first month of operations, Sulivan Equipment Company prepared the following income stabement, based an the varable costing conoept. Sulivan Equipment Company Variable Costing Income Statement For the Honth Ended March 31 Sales (8,600 units) 361,200 Vanable cost of goods sold: 175,100 28,900) Variable cost of goods manufactured inventory, March 31 (1,700 unts) Total variable cost of Manufacturing margin vanable seling and administrative experses Centribution margin goods sold 146,200 215,000 Fixed manufacturing eests xed selling and administrative expenses Total fixed 30,900 25.800 Income from operations $63,700 Prepare an income statement under absorption coating. Round ai fial answers so whele doars Sulivan Equipment Company Casting Incame work saved. 3

Explanation / Answer

Prepare absorption costing income statement :

2) Prepare incremental analysis :

Sales 361200 Cost of goods sold Cost of goods manufactured 206000 Less: Ending inventory Cost (34000) Cost of goods sold (172000) Gross profit 189200 Less: Selling and administrative expense (120400) Net operating income 68800

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