Vaughn Corporation accumulates the following data relative to jobs started and finished during the month...
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Vaughn Corporation accumulates the following data relative to jobs started and finished during the month of June 2025. Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $487,000. Selling and administrative expenses were $39,300. Assume that the amount of raw materials purchased equaled the amount used. Prepare an income statement for management. (lgnore income taxes.) (Round per unit values to 2 decimal places. e.g. 52.75 and final
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Vaughn Corporation accumulates the following data relative to jobs started and finished during the month of June 2025. Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $487,000. Selling and administrative expenses were $39,300. Assume that the amount of raw materials purchased equaled the amount used. Prepare an income statement for management. (lgnore income taxes.) (Round per unit values to 2 decimal places. e.g. 52.75 and final 