Prepare income statement for each of the 3 years using absorption costing and variable costing method Transcribed Image Text: drone the vanable manu XTZ Company – pacturing ast Facturing coct

Prepare income statement for each of the 3 years using absorption costing and variable costing method Transcribed Image Text: drone the vanable manu
XTZ Company –
pacturing ast
Facturing coct
Selling and adımin – expenses OF 5,000 per drone or 50,000
manufactures
drone is 240,000 and Fixed manu-
per
per
drone is G0,000- It also has vanidble
per year For 10 diones sold – The Fited selling and adwrin –
expeuses are 80,000. The pollowing Fo
Volume Infoi
Beg- Inventory
: was given to you –
2008
2009
2010
2.
Drones Produced
10
10
10
Drones Sold
10
8.
12
End- Inventory
Financial Inpo:
Selling Price drone – $ 400,000
per
P240,000
Variable Manufacturing Cost
Overhead
per dhane
For the year – P 600,000
Fired Manufacturing
Fired Manufacturing Overhead per drone
and Adunin
-760,000
. Trperer per dione -P5,000
P 80,000
Vaniable Selling
Fired Selling and Adunin – Expences

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