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Wiengot Antennas, Inc , produces and sells a unique type of TV anten

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Wiengot Antennas, Inc., produces and sells a unique type
of TV antenna. The company has just opened a new plant
to manufacture the antenna, and the following cost and
revenue data have been provided for the first month of the
plants operation in the form of a worksheet.
Because the new antenna is unique in design,
management is anxious to see how profitable it will be and
has asked that an income statement be prepared for the
month.
Prepare an income statement for the month.
Prepare a contribution format income statement for the
month.
Beginning inventory0 Units produced39,000
Units sold34,000 Selling price per unit$84
Selling and administrative expenses: Variable per
unit$2 Fixed per month$453,000 Manufacturing
costs Direct materials cost per unit$17 Direct
labor cost per unit$9 Variable manufacturing
overhead cost per unit$3 Fixed manufacturing
overhead cost per month$585,000
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Wiengot Antennas, Inc., produces and sells a unique type of TV antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue data have been provided for the first month of the plant’s operation in the form of a worksheet. Because the new antenna is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared for the month. Prepare an income statement for the month. Prepare a contribution format income statement for the month. Beginning inventory0 Units produced39,000 Units sold ...
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