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Business, 21.04.2020 21:00 alyxkellar06
During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating data for the month are summarized as follows: Sales$2,150,000 Manufacturing costs: Direct materials$960,000 Direct labor420,000 Variable manufacturing cost156,000 Fixed manufacturing cost288,0001,824,000 Selling and administrative expenses: Variable$204,000 Fixed96,000300,000 Required: 1. Prepare an income statement based on the absorption costing concept.
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During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televis...
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