Prepare an income statement for the year ended december 31


Prepare an income statement for the year ended December 31, 2012, through gross profit for Aframe Company using the following information. Assume Aframe Company sold 1,100 units at $93 per unit. (Note: Normal production is 9,000 units) Standard: 3 yards per unit @ $4.50 per yard Actual yards used: 3,330 yards @ $6.00 per yard Standard: 3 hours per unit @ $14.40 Actual hours worked: 3,370 @ $12.90 per hour Standard: Variable overhead $0.70 per unit Standard: Fixed overhead $2.80 Actual total factory overhead $9,330 (budgeted and actual amount)

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Financial Management: Prepare an income statement for the year ended december 31
Reference No:- TGS01568714

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