Business, 25.04.2020 01:17 leah7876

The following data are available from the accounting records of Willow Creek Co. for the month ended May 31. During the accounting period, 17,000 units were manufactured and sold at a price of $60 per unit. There were no beginning inventories, and all units were completed (no work in process). Cost Total Cost Number of Units Unit Cost Manufacturing costs: Variable $442,000 17,000 $26 Fixed 170,000 17,000 10 Total $612,000 $36 Selling and administrative expenses: Variable ($2 per unit sold) $34,000 Fixed 32,000 Total $66,000 a. Prepare a variable costing income statement. Willow Creek Co. Variable Costing Income Statement For the Month Ended May 31 $ Manufacturing margin $ Contribution margin $ Fixed costs: $ Income from operations $ b. Prepare an absorption costing income statement. Willow Creek Co. Absorption Costing Income Statement For the Month Ended May 31 $ $ Income from operations $

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The following data are available from the accounting records of Willow Creek Co. for the month ended...

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