On October 31,the end of the first month of operations,Morristown & Co.prepared the following income statement based on absorption costing:

If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600,prepare an income statement using variable costing.

Question

On October 31,the end of the first month of operations,Morristown & Co.prepared the following income statement based on absorption costing:
​
  If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600,prepare an income statement using variable costing.

Quizplus · Accepted Answer

The Answer of On October 31,the end of the first month of operations,Morristown & Co.prepared the following income statement based on absorption costing:
​
  If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600,prepare an income statement using variable costing.

On October 31,the End of the First Month of Operations,Morristown