Lavender Inc has the following information for its first year of operations: Units produced 4,000...
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Lavender Inc has the following information for its first year of operations: Units produced 4,000 Units sold 3,600 Unit sales price $ 200.00 Direct material per unit $ 60.00 Direct labor per unit $ 30.00 Variable manufacturing overhead per unit $ 30.00 Fixed manufacturing overhead $ 128,000 Variable selling expenses $ 15.00 Fixed selling and administrative expenses $ 65,000 a. Prepare Lavenders full absorption costing income statement. (Do not round your intermediate calculations. Round your answers to nearest dollar amounts.) b. Prepare Lavenders variable costing income statement. (Do not round your intermediate calculations. Round your answers to nearest dollar amounts.)
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