Homework Help is Here – Start Your Trial Now!
Business
Accounting
Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating data for the month are summarized as follows: Sales $2,150,000 Manufacturing costs: Direct materials Direct labor Variable manufacturing cost Fixed manufacturing cost Selling and administrative expenses: $960,000 420,000 156,000 288,000 1,824,000 Variable $204,000 Fixed 300,000 96,000 Required: Variable Costing Income Statement For the Month Ended July 31, 2016 Sales v 2,150,000 Variable cost of goods sold: Variable selling and administrative expenses x 288,000 x Fixed manufacturing costs x 96,000 x Total Variable cost of goods sold v 282,000 x 288,000 96,000 Fixed costs:

Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating data for the month are summarized as follows: Sales $2,150,000 Manufacturing costs: Direct materials Direct labor Variable manufacturing cost Fixed manufacturing cost Selling and administrative expenses: $960,000 420,000 156,000 288,000 1,824,000 Variable $204,000 Fixed 300,000 96,000 Required: Variable Costing Income Statement For the Month Ended July 31, 2016 Sales v 2,150,000 Variable cost of goods sold: Variable selling and administrative expenses x 288,000 x Fixed manufacturing costs x 96,000 x Total Variable cost of goods sold v 282,000 x 288,000 96,000 Fixed costs:

Managerial Accounting
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 1PB: Absorption and variable costing income statements During the first month of operations ended July...
See similar textbooks
icon
Related questions
Question

I am having trouble with this part of the assignment any help would be great. THank you 

Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating data for the month are summarized as follows: Sales $2,150,000 Manufacturing costs: Direct materials Direct labor Variable manufacturing cost Fixed manufacturing cost Selling and administrative expenses: $960,000 420,000 156,000 288,000 1,824,000 Variable $204,000 Fixed 300,000 96,000 Required:
Transcribed Image Text:Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating data for the month are summarized as follows: Sales $2,150,000 Manufacturing costs: Direct materials Direct labor Variable manufacturing cost Fixed manufacturing cost Selling and administrative expenses: $960,000 420,000 156,000 288,000 1,824,000 Variable $204,000 Fixed 300,000 96,000 Required:
Variable Costing Income Statement For the Month Ended July 31, 2016 Sales v 2,150,000 Variable cost of goods sold: Variable selling and administrative expenses x 288,000 x Fixed manufacturing costs x 96,000 x Total Variable cost of goods sold v 282,000 x 288,000 96,000 Fixed costs:
Transcribed Image Text:Variable Costing Income Statement For the Month Ended July 31, 2016 Sales v 2,150,000 Variable cost of goods sold: Variable selling and administrative expenses x 288,000 x Fixed manufacturing costs x 96,000 x Total Variable cost of goods sold v 282,000 x 288,000 96,000 Fixed costs:
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Managing Debt
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS