Beruflich Dokumente
Kultur Dokumente
Spring 2020
b)
Michonne Company
Contribution format income statement for the month Jan 31, 2020
So, by using contribution format income statement, we can see that the company is
making a profit of $18000 in January 31, 2020
Income statement using variable costing method:
Michonne Company
$ $
-Variable Expenses:
391300
-Fixed expense:
2,57,200
By following variable costing method income statement, we can see that, the company
is making profit of $18000 in 31 January, 2020.
c)
Absorption costing net operating income for the month without using Income Statement:
= 39*4300
=1,67,700