Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 6.00

Vegan, LLC,

Variable Costing Income statement

e5A. Vegan, LLC, owns a chain of gourmet vegetarian take-out markets. Vegan’s income statement in the traditional reporting format for the month follows.

 

 

 

 

 

 

 

 

 

 

 

 

Vegan, LLC Income statement For the Month

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

$890,000

Cost of goods sold

607,000

Gross margin

Selling and administrative expenses:

$283,000

Variable

(44,500)

Fixed

(72,300)

Operating income

$166,200

 

Total fixed production costs for the month were $140,000.

Prepare an income statement for Vegan, LLC, for the month, using the variable costing format.

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 05:08 PM My Price 6.00

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