Hi! Question about Absortion costing in Management accounting, we have information:
Number
of devices sold 2,130
Number of devices produced 3,500
Total variable manufacturing cost $31,550
Total fixed manufacturing cost $31,550
Total (variable) selling and distribution cost $42,300
Total (fixed) administration cost $12,335
The sales price of the device is $22 per unit
And I need to prepare income statement for that month using absorption costing. I got the results but I would like to check If it is correct as this is extremely important to me. Thank you.
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