Answer to Question #146526 in Other for sumaid

Answer to Question #146526 in Other for sumaid


Question #146526

The following data were taken from the records of a company.

Period 1 Period 2 Period 3
Production(units) 30,000 38000 27000
Sales 30,000 27000 38000
Opening stock 11,000
Closing stock —— 11,000 ——-

Per unit cost are as follows:
Direct material $ 1.5
Direct labor 1.0
Production overhead 3.0
Selling price per unit $ 9
Administrative overheads are fixed at $25000 and one third of the production overheads are fixed.
Prepare separate income statements for all three year

Expert’s answer

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