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Income Statements, Variable and Absorption Costing 3b. Assume the selling price per unit is $32....

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Accounting

Income Statements, Variable and Absorption Costing 3b. Assume the selling price per unit is $32. Prepare an income statement using absorption costing.
The following information pertains to Vladamir, Inc., for last year:
Variable costs per unit:
Fixed costs per year:
Fixed selling and administrative expenses $230,000
There are no work-in-process inventories. Normal activity is 100,000 units. Expected and actual overhead costs are the same. Costs have not changed from one year to
the next.
Required:
How many units are in ending inventory?
units
Without preparing an income statement, indicate what the difference will be between variable-costing income and absorption-costing income.
image

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