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Author Question: Etters Manufacturing Company has provided the following financial data for its most recent ... (Read 95 times)

knemetz3

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Etters Manufacturing Company has provided the following financial data for its most recent month.

Unit selling price$      18
Variable costs per unit:
  Direct materials6
  Direct labor4
  Manufacturing overhead3
  Selling and administrative costs1
Fixed costs:
  Manufacturing overhead12,000
  Selling and administrative costs8,000
Units in beginning inventory0
Units produced10,000
Units sold9,500

Required:

Prepare an income statement using an absorption costing format.


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Marked as best answer by knemetz3 on Feb 5, 2023

lhn821

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knemetz3

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


smrtceo

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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