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mars1129 [50]
3 years ago
11

On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, ba

sed on the variable costing concept:Maryville Equipment CompanyVariable Costing Income StatementFor the Month Ended October 31Sales (14,100 units) $648,600 Variable cost of goods sold: Variable cost of goods manufactured $286,200 Inventory, October 31 (1,800 units) (32,400) Total variable cost of goods sold (253,800) Manufacturing margin $394,800 Variable selling and administrative expenses (169,200) Contribution margin $225,600 Fixed costs: Fixed manufacturing costs $63,600 Fixed selling and administrative expenses 42,300 Total fixed costs (105,900) Operating income $119,700 Prepare an income statement under absorption costing. Round all final answers to whole dollars.

Business
1 answer:
Iteru [2.4K]3 years ago
3 0

Answer:

Cost of goods manufactured = Variable cost of goods manufactured+ Fixed manufacturing costs

= $286200+$63600

=$349800

2)- Ending inventory = Ending inventory units*Unit product cost per unit under absorption costing

= 1800 units*$22 per unit

= $39600

Unit product cost per unit under absorption costing = Cost of goods manufactured/No. of units produced

= $349800/(14100 units+1800 units)

= $349800/15900 units

= $22 per unit

Explanation:

Income statement is attached below

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Answer:

c. depends on a number of factors, and can vary from one manager, location and type of employees.

Explanation:

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3 years ago
If a monopolist could perfectly price-discriminate: (LO1, LO4) a. The marginal revenue curve and the demand curve would coincide
dybincka [34]

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Caterpillar's attention was focused elsewhere when komatsu made its first entry into the eastern europe and gained grounds. this
Paul [167]
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Assume a machine that has a useful life of only one year costs $2,000. Assume, also, that net of such operating costs as power,
erik [133]

Answer:

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