Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 6.00

C. F. Hartley Co

On January 1 of the current year, C. F. Hartley Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January:

Units
Production 50,000
Sales ($18 per unit) 42,000
Inventory, January 31 8,000
======

Total Cost or Expense
Manufacturing costs:
Variable $575,000
Fixed 75,000
Total $650,000
========
Selling and administrative expenses:
Variable $ 33,600
Fixed 10,500
Total $ 45,500
========

(a) Prepare an income statement in accordance with absorption costing.
(b) Prepare an income statement in accordance with variable costing.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Aug 2017 11:08 AM My Price 6.00

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