# Number of units produced 2,900Number of units sold 1,700Unit sales price\$790.00Direct materials per unit 75.00Direct labor per unit 105.00Variable manufacturing overhead per unit 55.00Fixed manufacturing overhead per unit (\$346,550 ÷ 2,900 units) 119.50Total variable selling expenses (\$12 per unit sold) 20,400.00Total fixed general and administrative expenses 90,000.00 How would i complete a full absorption income statement and a contribution margin statement

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 Number of units produced 2,900 Number of units sold 1,700 Unit sales price \$ 790.00 Direct materials per unit 75.00 Direct labor per unit 105.00 Variable manufacturing overhead per unit 55.00 Fixed manufacturing overhead per unit (\$346,550 ÷ 2,900 units) 119.50 Total variable selling expenses (\$12 per unit sold) 20,400.00 Total fixed general and administrative expenses 90,000.00

How would i complete a full absorption income statement and a contribution margin statement

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Step 1

Absorption income statement is as follows:

Results of the formulas used in the above table are as follows:

Thus, the operating income under absorption costing is \$629,950.

Step 2

Working note:

Calculation of product cost per unit:

Results of the formulas used in the above table are as ...

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