Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 8.00

Tudor Manufacturing Co

Absorption costing income statement

 

On June 30, 2016, the end of the first month of operations, Tudor Manufacturing Co. prepared the following income statement, based on the variable costing concept:

 

Sales (420,000 units) ......................................................

 

$7,450,000

Variable cost of goods sold:

 

 

Variable cost of goods manufactured (500,000 units × $14 per unit) .....

$7,000,000

 

Less ending inventory (80,000 units × $14 per unit) .....................

   1,120,000

 

Variable cost of goods sold ........................................

 

  5,880,000

Manufacturing  margin  ....................................................

 

$1,570,000

Variable  selling  and  administrative expenses...............................

 

          80,000

Contribution margin ......................................................

 

$1,490,000

Fixed costs:

 

 

Fixed manufacturing costs .............................................

$  160,000

 

Fixed selling and administrative expenses   ..............................

          75,000

      235,000

Income  from  operations...................................................

 

$1,255,000

a.    Prepare an absorption costing income statement.

b.    Reconcile the variable costing income from operations of $1,255,000 with the absorp- tion costing income from operations determined in (a).

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 11:08 PM My Price 8.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)