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Construct a variable and absorption income statement

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Reference no: EM132533719

Question 1. Construct a Variable and absorption income statement based on selling all of the units produced

Question 2. Compute the breakeven selling price per unit

Question 3. If JackJoe only sold half of the production, which income statement would report higher net income?

Direct materials per unit       $2

Direct labor per unit         $1

Overhead:

Variable per unit            $3

Fixed total              $240,000

SG&A

Variable per unit           $1.00

Fixed total                    $40,000

Units produced                 100,000

Sales price per unit                $10.00

Reference no: EM132533719

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