Question

Mahugh Corporation, which has only one product, has provided the following data concerning its most recent...

Mahugh Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

  

  Selling price

$

186

  Units in beginning inventory

0

  Units produced

3,690

  Units sold

3,120

  Units in ending inventory

570

  Variable costs per unit:

  Direct materials

$

56

  Direct labor

$

52

  Variable manufacturing overhead

$

8

  Variable selling and administrative

$

18

  Fixed costs:

  Fixed manufacturing overhead

$

121,770

  Fixed selling and administrative

$

9,360

QUESTION: Prepare an income statement for the month using absorption costing.

MAHUGH CORPORATION

Income Statement

0

Selling and administrative expenses:

0

$0
Business   Accounting   
0 0
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