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Refer to Exercise In Exercise Larcker Manufacturing’s cost accountant has provided you with the following information for January operations Direct materials

Refer to Exercise. In Exercise, Larcker Manufacturing’s cost accountant has provided you with the following information for January operations: Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21 per unit Fixed manufacturing overhead costs . . . . . . . . . . . . . . . . $135,000 Sales price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $79 per unit Variable manufacturing overhead . . . . . . . . . . . . . . . . . . $12 per unit Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $24 per unit Fixed marketing and administrative costs . . . . . . . . . . . . $117,000 Units produced and sold . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 Variable marketing and administrative costs . . . . . . . . . . $5 per unit Required Prepare: a. A gross margin income statement. b. A contribution margin income statement.

Jun 25 2020 View more View Less

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