question archive Walsh Company manufactures 30,000 units during July
Walsh Company manufactures 30,000 units during July
Subject:AccountingPrice:3.87 Bought7
Walsh Company manufactures 30,000 units during July. There were no units in inventory on July 1. Informatin on costs and expenses for July is as follows:
|
Total $ |
Number of units |
Unit $ |
|
|
Manufacturing costs |
|||
|
Variable |
660,000 |
30,000 |
22 |
|
Fixed |
300,000 |
30,000 |
10 |
|
960,000 |
|||
|
Selling and Administrative expenses |
|||
|
Variable |
200,000 |
25,000 |
8 |
|
Fixed |
160,000 |
||
|
Total |
360,000 |
Required:
If the company sells 25,000 units at $75 ( units manufactured exceeds units sold), prepar an incme statement for July using:
- Absorption Costing
- Varibale Costing
Option 1
Low Cost Option
Download this past answer in few clicks
3.87 USD
PURCHASE SOLUTION
Option 2
Custom new solution created by our subject matter experts
GET A QUOTE
rated 5 stars
Purchased 7 times
