During the most recent year, the Osterman Company had the following data: Units in beginning inventory Units produced 10,000 Units Sold ($47 per unit) 9,300 Variable costs per unit: Direct materials $9 Direct labour $6 Variable Overhead $4 Fixed costs: Fixed overhead costs per unit produced $5 Fixed and administrative sales $138,000 Required: 1. Calculate the cost of goods

Sep 8, 2023

During the most recent year, the Osterman Company had the following data:

Units in beginning inventory
Units produced 10,000
Units Sold ($47 per unit) 9,300
Variable costs per unit:
Direct materials $9
Direct labour $6
Variable Overhead $4
Fixed costs:
Fixed overhead costs per unit produced $5
Fixed and administrative sales $138,000


Required:

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During the most recent year, the Osterman Company had the following data: Units in beginning inventory Units produced 10,000 Units Sold ($47 per unit) 9,300 Variable costs per unit: Direct materials $9 Direct labour $6 Variable Overhead $4 Fixed costs: Fixed overhead costs per unit produced $5 Fixed and administrative sales $138,000 Required: 1. Calculate the cost of goods
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1. Calculate the cost of goods sold based on variable cost.

2. Prepare an income statement using variable costs. Enter amounts as positive numbers.

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