FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Dance Creations manufactures authentic Hawaiian
hula skirts that are purchased for traditional Hawaiian
celebrations, costume parties, and other functions.
During its first year of business, the company
incurred the following costs: 2. Complete a
contribution margin income statement for the last
month.
Variable Cost per Hula Skirt
Direct materials $ 10.30
Direct labor 4.10
Variable manufacturing overhead 1.25
Variable selling and administrative expenses 0.55
Fixed Costs per Month
Fixed manufacturing overhead $ 18,275
Fixed selling and administrative expenses 5,650
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Transcribed Image Text:Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: 2. Complete a contribution margin income statement for the last month. Variable Cost per Hula Skirt Direct materials $ 10.30 Direct labor 4.10 Variable manufacturing overhead 1.25 Variable selling and administrative expenses 0.55 Fixed Costs per Month Fixed manufacturing overhead $ 18,275 Fixed selling and administrative expenses 5,650
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