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Question 11 of 21 > /10 The Macaron Company produces a 10-inch chet knife used by commercial chefs. The knivesse for $215 sach in 2020, the company produced 11,400 units and sold 8.500 units. There was no beginning inventory. Following are variable and all costing income statements for 2020 Income Statement Prepared Using Variable Costing Macaron Company Income Statement For the Year Ending December 31, 2020 Sales $1827.500 $850.000 Less variable costs Variable cost of toods sold Variable selling expense Contribution margin Less foxed costs 168,000 1,018,000 809.500 Foved manufacturing expense 410,400 110,000 Fixed selling expense Fixed administrative expense 212000 732.400 Net Income $77.100 Income Statement Prepared Using Full Costing Macaron Company Income Statement For the Year Ending December 31, 2020 Sales 51827.500 Less cost of goods sold 1.156.000 Gross margin 071.500 Less selling and administrative expenses Selling expense $278.000 Administrative experte 212000 490.000 AND MacBook Air BO DU 90 888 Fa 21 6 PS 72 % A 2 W# $ 4 & 7 2 8 3 6 Foed selling pente 110,000 Fixed administrative pense 212.000 732.400 Net Income $77.100 Income Statement Prepared Using Full Costing Macaron Company Income Statement For the Year Ending December 31, 2020 Sales $1,827500 Less.cout of goods sold 1,156,000 Gross 671 500 Less selling and expenses Sellinen $278.000 Administratie 217.000 40.000 at income 5161,500 Heconcile the other hereht between the two income statements. Round enter 23 15 28 and food Reconditionat Nitecore et income A of fun the Auto MacBook Air HD 6: 3: :8 UM OP X > 3 N 4 4 5 6 8 Q W E R T Y U A A S D F G H H

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