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Category > Management Posted 28 Jan 2018 My Price 7.00

Vegan’s income statement

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 28 Jan 2018 09:01 PM My Price 7.00

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