Kilko Company has the following costs associated with its production and sales. Beginning Inventory Units Produced Units Sold Selling Price per Unit Variable Selling Expense Fixed Selling Expense Direct Material Cost Direct Labor Cost Variable Mfg. Overhead Fixed Mfg. Overhead n/a 64,250 60,950 28.75 2.35 75,600 5.25 15.00 3.00 88,665 Prepare a Variable Income Statement as of December 31, 2022. (round to (2) two decimal places) $ $ $ $ $ $

Kilko Company has the following costs associated with its production and sales. Beginning Inventory Units Produced Units Sold Selling Price per Unit Variable Selling Expense Fixed Selling Expense Direct Material Cost Direct Labor Cost Variable Mfg. Overhead Fixed Mfg. Overhead n/a 64,250 60,950 28.75 2.35 75,600 5.25 15.00 3.00 88,665 Prepare a Variable Income Statement as of December 31, 2022. (round to (2) two decimal places) $ $ $ $ $ $

Name: 74.Subject :- Accounting Kilko Company has the following costs associa
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Description: 74.Subject :- Accounting Kilko Company has the following costs associated with its production andsales.Beginning InventoryUnits ProducedUnits SoldSelling Price per UnitVariable Selling ExpenseFixed Selling ExpenseDirect Material CostDirect Labor Cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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What are the total costs to account for if a companys beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?
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