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Prepare a numerical reconciliation

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Question 1. Prepare April and May 2017 income statements for Accelerate Motors under (a) variable costing and (b) absorption costing.

Question 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing.

 

April

May

Unit data:

 

 

Beginning inventory

0

100

Production

600

550

Sales

500

600

Variable costs:

 

 

Manufacturing cost per unit produced

$            8,000

$           8,000

Operating (marketing) cost per unit sold

3,800

3,800

Fixed costs:

 

 

Manufacturing costs

$      2,400,000

$     2,400,000

Operating (marketing) costs

500,000

500,000

Reference no: EM132465492

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