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Author Question: Aspen Popular Company prepared the following absorption-costing income statement for the year ended ... (Read 136 times)

naturalchemist

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on: Mar 6, 2021
Aspen Popular Company prepared the following absorption-costing income statement for the year ended May 31, 2017. 

Sales (8,000 units)$160,000
Cost of goods sold108,000
Gross margin$52,000
Selling and administrative expenses18,000
Operating income$ 29,000

Additional information follows: 

Selling and administrative expenses include $1.50 of variable cost per unit sold. There was no beginning inventory, and 8,750 units were produced. Variable manufacturing costs were $11 per unit. Actual fixed costs were equal to budgeted fixed costs

Required: 
Prepare a variable-costing income statement for the same period.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by naturalchemist on Mar 6, 2021

aloop

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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naturalchemist

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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