Why the company incurs variable manufacturing costs

Reference no: EM13215272

Inman Manufacturing Company makes a product that it sells for $60 per unit. The company incurs variable manufacturing costs of $31 per unit. Variable selling expenses are $5 per unit, annual fixed manufacturing costs are $191,000, and fixed selling and administrative costs are $73,000 per year. Create a contribution Income statement.

Reference no: EM13215272

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Why the company incurs variable manufacturing costs : Inman Manufacturing Company makes a product that it sells for $60 per unit. The company incurs variable manufacturing costs of $31 per unit. Variable selling expenses are $5 per unit, annual fixed manufacturing costs are $191,000, and fixed sellin..

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