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(Solved): Variable-Costing Income Statement During The Most Recent Year, Beyta Company Had The Following Data:...
variable-Costing income Statement During the most recent year, Beyta Company had the following data: Units in beginning inventory Units produced Units sold ($60 per unit) Variable costs per unit: Direct materials 10,000 8,800 Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative $138,000 Required: 1. Calculate the cost of goods sold under variable costing. 2. Prepare an income statement using variable costing. Beyta Company Income Statement under Variable Costing For the Most Recent Year Sales $ 528,000 Less: Variable expenses Contribution margin Less fixed expenses: Fixed overhead Fixed selling and administrative 138,000 Operating income
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