The following information pertains to the first year ofoperation for Crystal Cold Coolers Inc.:
| |
| Number of units produced | | 3,000 |
| Number of units sold | | 2,300 |
| Unit sales price | $ | 340 |
| Direct materials per unit | | 70 |
| Direct labor per unit | | 40 |
| Variable manufacturing overhead per unit | | 11 |
| Fixed manufacturing overhead per unit ($180,000/3,000units) | | 60 |
| Total variable selling expenses ($14 per unit sold) | | 32,200 |
| Total fixed general and administrative expenses | | 56,000 |
|
Required:
Prepare Crystal Cold’s full absorption costing income statement andvariable costing income statement for the year.(Do not leave any numeric cells blank,enter a zero wherever required.)
