Solution-Prepare april and may income statements

Prepare april and may income statements

Reference no: EM131699212

Question - The selling price per vehicle is $ 22,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 600 units. There are no? price, efficiency, or spending variances. Any? production-volume variance is written off to cost of goods sold in the month in which it occurs.

	April	May
Unit data
Beginning inventory	0	50
Production	600	500
Sales	550	530
Variable costs
Manufacturing cost per unit produced	$12,000	$12,000
Operating (marketing) cost per unit sold	2,800	2,800
Fixed costs
Manufacturing costs	$2,400,000	$2,400,000
Operating (marketing) costs	800,000	800,000

Prepare April and May 2014 income statements for Race Track Motors under? absorption costing.

Reference no: EM131699212

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Prepare april and may income statements

Reference no: EM131699212

Reference no: EM131699212

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