Prepare the income statement under variable costing


Response to the following problem:

Chalassier corporation manufactures and sells laptop computers and uses standard costing. For the mth of September there were no beginning inventory, there were 3000 units produced and 2500 units sold. The manufacturing variable cost per unit is $385 and the variable operating cost per unit was $312.50. The fixed manufacturing cost is $450,000 and the fixed operating cost is $75,000. The selling price per unit is $925.

Prepare the income statement for September under variable costing.

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Cost Accounting: Prepare the income statement under variable costing
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