Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
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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 01 Aug 2017 My Price 3.00

Morristown & Co.

On October 31, the end of the first month of operations, Morristown & Co. prepared the following income statement based on absorption costing: Morristown & Co. Income Statement For Month Ended October 31, 20- Sales (2,600 units) $104,000 Cost of goods sold: Cost of goods manufactured $85,500 Less ending inventory (400 units) 11,400 Cost of goods sold 74,100 Gross profit $ 29,900 Selling and administrative expenses 21,500 Income from operations $ 8,400 ======== If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600, prepare an income statement in accordance with the variable costing concept.

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Aug 2017 10:08 PM My Price 3.00

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