Business, 21.01.2021 23:20 gatrellesse8407

Potter Corporation produces one product. The following per unit cost information is available: Direct materials 7.00$
Direct labor 15.00
Variable overhead 8.00
Variable Selling and Admin 2.00

Fixed overhead costs are $100,000 per peiod and fixed selling and administrative costs are$70,000 per period. The selling price is $70 per unit.

Required:
Prepare an absorption costing (traditional) income statement assuming:
a. Production is 8,000 units and sales are 8,000 units.
b. Production is 8,000 units and sales are 9,000 units.
c. Production is 8,000 units and sales are 6,000 units.

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Potter Corporation produces one product. The following per unit cost information is available: Dire...