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What is the income statement for the upcoming year

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Reference no: EM132750524

Allen Manufacturing manufactures a single product.? Cost, sales, and production information for the company and its single product is as? follows:

  • Sales price per unit $51
  • Variable manufacturing costs per unit manufactured? (DM, DL and variable? MOH) $33
  • Variable operating expenses per unit sold $1
  • Fixed manufacturing overhead? (MOH) in total for the year $253,000
  • Fixed operating expenses in total for the year $53,000
  • Units manufactured during the year 23,000 units
  • Units sold during the year 20,500 units

Problem 1: Whats the income statement for the upcoming year using variable costing.

Problem 2: whats the income statement for the upcoming year using absorption costing.

Reference no: EM132750524

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