question archive Kopi Company produces dog cages that are sold for $40 per unit
Kopi Company produces dog cages that are sold for $40 per unit
Subject:AccountingPrice:3.87 Bought7
Kopi Company produces dog cages that are sold for $40 per unit. The company produced and sold 6,000 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow.
| Variable Costs per Unit | Fixed Costs per Month | ||||||
|---|---|---|---|---|---|---|---|
| Manufacturing: | Manufacturing overhead | $40,000 | |||||
| Direct materials | $10 | Selling and administrative | 20,000 | ||||
| Direct labor | 2 | Total | $60,000 | ||||
| Manufacturing overhead | 5 | $17 | |||||
| Selling and administrative | 5 | ||||||
| Total | $22 | ||||||
Required
Prepare a contribution income statement for July.
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