Dlaz Company reports the following varlable costing Income statement for Its single product....
90.2K
Verified Solution
Link Copied!
Question
Accounting
Dlaz Company reports the following varlable costing Income statement for Its single product. This company's sales totaled 46,000 units, but its production was 76,000 units. It had no beginning finished goods Inventory for the current period. Diaz cOMPANY Income Statement (Variable Costing) Sales (46,88e units $56.8 per unit) Variable expenses $2,576,990 Variable manufacturing expense (46,ee units $27.60 per unit) Variable selling and admin. expense (46,880 units x $4.68 per unit) Total variable expenses Contribution margin Fixed expenses 1,269,69e 211,688 1,481,288 1,894,89e Fixed overhead Fixed selling and administrative expense Total fixed expenses 273,688 136,89e 418,40e $684,40e Net income 1. Convert Dlaz's varlable costing Income statement to an absorption costing Income statement. DIAZ COMPANY Absorption Costing Income Statement 5 2,576,000 Selling general and administrative expenses Net income (loss)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
