Purpose a master budgeted income statement

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Reference no: EM1313338

ACTUAL RESULTS:

Direct materials purchased, 250,000 lbs.@$22 per lb.
Direct materials used, 240,000
Direct labor, 150,000 hrs, total cost, $2,225,000
Variable overhead, $340,000
Fixed overhead, $810,000
Units produced, 82,000 Units
Units sold, 80,500
Selling price per unit,160,00
Variable selling and administrative expenses, $410,000.
Fixed selling & administrative , $175,000.
Actual machine hours,330,000.

Prepare a Master (Static) Budgeted Income Statement using variable costing.

Reference no: EM1313338

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