Please complete the below problems and submit your answers in the Week 2 Dropbox. See “Syllabus/Due Dates for Assignments & Exams” for due date information. 1.Success Manufacturing sold 540,000 units of its product for $72 per unit in 2011. Variable cost per unit is $54 and total fixed costs are $2,140,000. a.Prepare the following: i.Contribution margin income statement ii.Income statement 2.Consider the following selected cost data for the Herbivore Manufacturing Company for 2011: Budgeted manufacturing overhead costs $8,500,000 Budgeted machine hours 350,000 Actual manufacturing overhead costs $8,100,000 Actual machine-hours 335,000
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