Business, 10.03.2020 00:43 famousshorty
During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of which 40,000 were sold. Operating data for the month are summarized as follows:
Sales $8,800,000.00
Manufacturing costs:
Direct materials $3,450,000.00
Direct labor 1,196,000.00
Variable manufacturing cost 782,000.00
Fixed manufacturing cost 598,000.00 6,026,000.00
Selling and administrative expenses:
Variable $600,000.00
Fixed 320,000.00 920,000.00
Prepare an income statement based on the variable costing concept. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.
Answers: 3
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During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,00...
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