Solution-Prepare income statements for crystal clear in

Prepare income statements for crystal clear in january

Reference no: EM132465651

Question 1. Prepare income statements for Crystal Clear in January, February. and March 2017 under (a) variable costing and (b) absorption costing.

Question 2. Explain the difference in operating income for January. February, and March under variable costing and absorption costing.

	January	February	March
Unit data:
Beginning inventory	0	150	150
Production	1,100	1,075	1,140
Sales	950	1,075	1,205
Variable costs:
Manufacturing cost per unit produced	$ 750	$ 750	$ 750
Operating (marketing) cost per unit sold	$ 500	$ 500	$ 500
Fixed costs:
Manufacturing costs	$ 440,000	$ 440,000	$ 440,000
Operating (marketing) costs	$ 180.000	$ 180.000	$ 180.000

Reference no: EM132465651

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Prepare income statements for crystal clear in january

Reference no: EM132465651

Reference no: EM132465651

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