Business, 07.05.2020 09:59 justinb0829

Sales (225 × $1,600) $ 360,000 Variable production cost (225 × $625) 140,625 Variable selling and administrative expenses (225 × $65) 14,625 Contribution margin 204,750 Fixed overhead cost 56,250 Fixed selling and administrative expense 75,000 Net income $ 73,500 1. Prepare this company's income statement for its first month of operations under absorption costing.

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Sales (225 × $1,600) $ 360,000 Variable production cost (225 × $625) 140,625 Variable selling and ad...