Solution-How do make a variable cost income statement

How do make a variable cost income statement

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Reference no: EM132582823

Sales (96,000 units) $4,440,000

Cost of good sold:

Cost of good manufactured $3,120,000

Less ending inventory (24,000 units) 624,000

Cost of good sold $2,496,000

Gross profit $1,944,000

Selling and administrative expenses 288,000

Income from operations $1,656,000

Question 1: How do make a Variable cost income statement, assuming that the fixed manufacturing costs were $132,000 and variable selling and administrative expenses were $115,200?

Reference no: EM132582823

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How do make a variable cost income statement

Reference no: EM132582823

Reference no: EM132582823

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