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A Yahoo Facebook-Log In or × v e Welcome to Casper Blue Door Pub -> C D edugen.wileyplus.com/edugen/lti/main.un. FL ×! WileyPLUS x x Log in - FetLife Coswell Company pr Kimmel, Accounting, 4e Home Read, Study& Practice Gradebook Assignment > Open Assignment CALCULAT OR PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCESPrepare income statements for each year using absorption costing. (Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 5,275.) CH.19 HW Problem 19- Problem 19-7A COSWELL COMPANY Income Statement For the Year Ended December 31, 2011 eview Sco Review Results objective COSWELL COMPANY Income Statement For the Year Ended December 31, 2012 License Agreement Privacy Policy2000-2016 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons,Inc. Version 4.18.1.3 9:59 AM .114) 5/22/2016

Explanation / Answer

Coswell Company

Income Statement

For the year end December 31, 2011

Particulars Amount Revenue (3510 tons * 2100) 7371000 TOTAL (A) 7371000 Variable Maunufacturing Cost ( 5400 tons * 2100*15%) 1701000 Variable Selling Expenses ( 3510 tons * 2100*12%) 884520 Fixed Manufacturing Cost 3132000 Fixed Administrative Cost 570000 TOTAL (B) 6287520 Profit (A - B) 1083480

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