The variable costing income statement for Brooklyn Company is seen below:
Variable expenses:
Variable cost of goods manufactured
Fixed expenses:
Required:
Prepare an absorption-costing income statement for the same period of time.Assume that actual fixed costs were equal to budgeted fixed costs and the budgeted fixed overhead rate was constant over the period examined.Assume the production volume variance equals zero.

Question

The variable costing income statement for Brooklyn Company is seen below:
  Variable expenses:
  Variable cost of goods manufactured
  Fixed expenses:
  Required:
Prepare an absorption-costing income statement for the same period of time.Assume that actual fixed costs were equal to budgeted fixed costs and the budgeted fixed overhead rate was constant over the period examined.Assume the production volume variance equals zero.

Quizplus · Accepted Answer

The Answer of The variable costing income statement for Brooklyn Company is seen below:
  Variable expenses:
  Variable cost of goods manufactured
  Fixed expenses:
  Required:
Prepare an absorption-costing income statement for the same period of time.Assume that actual fixed costs were equal to budgeted fixed costs and the budgeted fixed overhead rate was constant over the period examined.Assume the production volume variance equals zero.

The Variable Costing Income Statement for Brooklyn Company Is Seen