Trojan Kitchen Table Manufacturers July August September 42,000.00 39,000.00 54,000.00 48,000.00 54,000.00 Sales Volume Production Volume Sales Price Wood Screws Glue Stain Facatory Labor Office Labor Factory Rent Factory Insurance Office Rent Office Insurance 40,000.00 52,000.00 $ 570.00 per unit $ 30.00 per unit $ $ $ $ $ 10.00 per unit 8.00 per unit 12.00 per unit 26.00 per unit 21.00 per unit $ 2,200.00 per month $ 900.00 per month $ 1,560.00 per month $580 per month Required: Complete an income statement for July, August, and September in the variable and absorption income statemenet format. Then complete a reconciliation between the two net income numbers for each month.

Trojan Kitchen Table Manufacturers July August September 42,000.00 39,000.00 54,000.00 48,000.00 54,000.00 Sales Volume Production Volume Sales Price Wood Screws Glue Stain Facatory Labor Office Labor Factory Rent Factory Insurance Office Rent Office Insurance 40,000.00 52,000.00 $ 570.00 per unit $ 30.00 per unit $ $ $ $ $ 10.00 per unit 8.00 per unit 12.00 per unit 26.00 per unit 21.00 per unit $ 2,200.00 per month $ 900.00 per month $ 1,560.00 per month $580 per month Required: Complete an income statement for July, August, and September in the variable and absorption income statemenet format. Then complete a reconciliation between the two net income numbers for each month.

Name: Trojan Kitchen Table ManufacturersJuly August September40,000.00 42,0
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Description: Trojan Kitchen Table ManufacturersJuly August September40,000.00 42,000.00 39,000.0052,000.00 54,000.00 48,000.00Sales VolumeProduction VolumeSales PriceWoodScrewsGlueStainFacatory LaborOffice LaborFactory RentFactory InsuranceOffice RentOffice Insu

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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