1. Business
  2. Accounting
  3. show a mini income statement for 12 and 3...

Question: show a mini income statement for 12 and 3...

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Show a mini income statement for 1,2 and 3
Question 4) In the past 8.04S (before adit year, Eagle Custom Cabinets had total revenue of S2,446,545, cost of goods sold of Tor over- or under-applied overhead), administrative expenses of $666,666, and of direct labor cost. Actual : During the year, overhead was applied using a predetermined rate of 45.6 percent was nventory accounts(ret labor was $828,000. Actual overhead was $456,654. The ending balances in ory accounts (prior to adjustment for over- or under-applied overhead) are: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory 55,671 138,831 96,013 equired (round out to 4 decimal places when doing prorate % s & no decimal places or dollar amounts): 1) What are the balances in RM, WIP, FG. & coGs if we assume the over- or under-applied overhead is immaterial? 2) What are the balances in RM, WIP, FG, & COGS if we assume the over- or under-applied overhead is material? 3) Assume that of the $828,000 of actual direct labor, the following was in the ending balances of the related accounts: Raw Materials SO; WIP $101,101; & FG $39,574. What are the balances in RM, WIP, FG, & COGs the year? 4) Calculate operating income (or loss) under each of the three scenarios above (show a mini income statement if we assume the over-or unders-applied overhead is material and prorated based on overhead allocated during for each).
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