Income statements under absorption and variable costing shawnee motors inc. assembles and sells snowmobile engines. the company began operations on august 1 and operated at 100% of capacity during the first month. the following data summarize the results for august: sales (2,000 units) $600,000 production costs (2,400 units): direct materials $300,000 direct labor 115,200 variable factory overhead 43,200 fixed factory overhead 21,600 480,000 selling and administrative expenses: variable selling and administrative expenses $50,000 fixed selling and administrative expenses 22,000 72,000 a. prepare an income statement according to the absorption costing concept.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals: