Need some help on these. Thank you Trez Company began...
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Need some help on these. Thank you
Trez Company began operations this year. During this year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows. Additional information a. Selling and edministrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in varlable selling and odministrative expenses. b. The company's product cost of $25 per unit consists of the following Required: Prepare an income statement for the company under variable costing Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 22,000 units, and 3,000 units remain in ending finished goods inventory for May. Fixed overheod was $48,400. Variable selling and administration expenses were $40,000 and fixed selling and administrative expenses were $20,600. Prepare an income statement using variable costing
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