Feeling ignored by Campbell's Chunky soup, Cam Newton teamed up with the Duchess of Cornwall Camilla...

Feeling ignored by Campbell's Chunky soup, Cam Newton teamed up with the Duchess of Cornwall Camilla Parker Bowles to start his own soup company Cam Bowles Soup Company.

The company has found success from products such a black hard plastic spoon named "The Souperman Spoon".

The sales price is $12.95/unit

Beginning Inventory

Manufacturing Costs

Unit Cost Variable $1.27

Total Cost Fixed $2.18

Current Manufacturing Costs

Unit Cost Variable $1.27

Total Cost Fixed $1.92

Expenses

Variable $1.98

Fixed $27,654

Construct income statements for both absorption costing and variable costing given

A. Absorption costing for 25,000 spoons sold and 27,000 spoons manufactured

B. Variable costing for 25,000 spoons sold and 27,000 spoons manufactured

C. Absorption costing 27,000 spoons sold and 25,000 spoons manufactured

D. Variable costing 27,000 spoons sold and 25,000 spoons manufactured

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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