Question

In: Accounting

1. The following data pertain to April operations for Schnitzels Company:                   Unit sold           &nbsp

1. The following data pertain to April operations for Schnitzels Company:

        

         Unit sold                                                90.000

         Unit produced                                        100.000

         Sales price per unit                                $ 12

                                   Fixed                            Variable

Materials                     -                               $2    per unit produced

Direct Labor                -                                 1.5 per unit produced

Factory Overhead $200.000                      $0.5 per unit produced

Marketing and Administrative       0.2 per unit sold

$140.000

       Required:

       Prepare an operating income statement for 20A using direct costing    

Solutions

Expert Solution

Solution:

Production Cost
Material $                                2.00
Labor $                                1.50
Factory OH $                                0.50
Total $                                4.00

Hope this helps! In case of any clarifications, kindly use the comment box below

ekkarill92 answered 1 year ago
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