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3 years ago

Units Produced 20,000

Business

1 answer:

Alexeev081 [22]3 years ago

3 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Units Produced 20,000

Units Sold 17,000

Unit Sales Price $ 240

Full Manufacturing Cost Per Unit $97

Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.

Income statement:

Sales= (17,000*240)= 4,080,000

Cost of goods sold= (17,000*97)= (1,649,000)

Gross profit= 2,431,000

Variable Selling Expenses= (71,000)

Fixed General and Administrative Costs= (88,000)

Net operating income= 2,272,000

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Please see attachment

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Please see attachment

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