3. Income statements - absorption costing vs direct costing. The Denton Corporation produced 24,000 units (normal capacity) of product during the first quarter of the year; 20,000 units were sold at $22 per unit. The costs of this production were: Materials.... Direct labor Factory overhead: Variable cost 120,000 96,000 Fixed cost. Marketing and administrative expenses for the quarter total $70,000; all are fixed expenses. Required: (1) An income statement using absorption costing. (2) An income statement using direct costing. $ 60,000 60,000

3. Income statements - absorption costing vs direct costing. The Denton Corporation produced 24,000 units (normal capacity) of product during the first quarter of the year; 20,000 units were sold at $22 per unit. The costs of this production were: Materials.... Direct labor Factory overhead: Variable cost 120,000 96,000 Fixed cost. Marketing and administrative expenses for the quarter total $70,000; all are fixed expenses. Required: (1) An income statement using absorption costing. (2) An income statement using direct costing. $ 60,000 60,000

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Description: Please do not give solution in image format thanku 3. Income statements - absorption costing vs direct costing. The Denton Corporation produced24,000 units (normal capacity) of product during the first quarter of the year; 20,000 units weresold at $2

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 5E: On April 30, the end of the first month of operations, Joplin Company prepared the following income...

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