Sutcliffe Corporation Manufactures and Sells Top-Of-The-Line Saxophones and Uses Standard

Essay

Sutcliffe Corporation manufactures and sells top-of-the-line saxophones and uses standard costing.For the month of September,there was no beginning inventory,there were 1500 units produced and 1250 units sold.The manufacturing variable cost per unit is $770 and the operating cost per unit was $625.The fixed manufacturing cost is $450 000 and the fixed operating cost is $75 000.The selling price per unit is $1850.
Required:
Prepare the income statement for Sutcliffe Corporation for September under variable costing.
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