3.. O'Bannion Company, which has only one product, has provided the following data concerning its...
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3.. O'Bannion Company, which has only one product, has provided the following data concerning its most recent month of operations: SI24 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory 0 6.100 5.600 500 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative ........ $23 $43 $2 $11 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $183,000 $61.600 Required: a. Prepare a contribution format income statement for the month using variable costing b. Prepare an income statement for the month using absorption costing. Sent from Yahoo Mail on Android
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