Use the following information to prepare an income statement for Dogmaster Co. for 2001 and 20X2 under both Absorption and Variable Costing Dogmaster Manufacturing Costs DM per unit DL per unit VMOH per unit FMOH (annual) Nonmanufacturing Costs Fixed Selling Costs (annual) Production: Produced 20X1 (units) Sold 20X1 (units) Ending Inventory 20X1 (units) Produced 20X2 (units) $45 $100 $25 $500.000 Sold 20X2 (units) Ending Inventory 20X2 (units) Selling Price 20X1 and 20X2 (per unit) $25,000 100,000 100,000 0 100,000 80,000 20,000 $200

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Variable Costing & Analysis On Your Own 1
Use the following information to prepare an income statement for Dogmaster Co. for 20X1
and 20X2 under both Absorption and Variable Costing
Dogmaster
Manufacturing Costs
DM per unit
DL per unit
VMOH per unit
FMOH (annual)
Nonmanufacturing Costs
Fixed Selling Costs (annual)
$45
$100
$25
$500,000
Production:
Produced 20X1 (units)
Sold 20X1 (units)
Ending Inventory 20X1 (units)
Produced 20X2 (units)
Sold 20X2 (units);
Ending Inventory 20X2 (units)
Selling Price 20X1 and 20X2 (per unit)
$25,000
100,000
100,000
0
100,000
80,000
20,000
$200
Transcribed Image Text:Variable Costing & Analysis On Your Own 1 Use the following information to prepare an income statement for Dogmaster Co. for 20X1 and 20X2 under both Absorption and Variable Costing Dogmaster Manufacturing Costs DM per unit DL per unit VMOH per unit FMOH (annual) Nonmanufacturing Costs Fixed Selling Costs (annual) $45 $100 $25 $500,000 Production: Produced 20X1 (units) Sold 20X1 (units) Ending Inventory 20X1 (units) Produced 20X2 (units) Sold 20X2 (units); Ending Inventory 20X2 (units) Selling Price 20X1 and 20X2 (per unit) $25,000 100,000 100,000 0 100,000 80,000 20,000 $200
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