Answers
a | |||
Unit product cost | 10 | ||
b | |||
Super Variable Costing Income Statement | |||
Sales | 480000 | =12000*40 | |
Variable cost of goods sold | 120000 | =12000*10 | |
Contribution margin | 360000 | ||
Fixed expenses: | |||
Direct labor | 75000 | ||
Fixed manufacturing overhead | 150000 | ||
Fixed selling and administrative expenses | 50000 | ||
275000 | |||
Net operating income | 85000 |
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