Happy Trails has the following information for its, manufacturing: Its income statement under
absorption costing is:
Happy Trails Variable Costing Income Statement Sales Beginning Inventory Cost of Goods
Manufactured Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Gross
Profit Variable Sales and Administrative Expenses Contribution Margin Fixed Sales and
Administrative Expenses Fixed Manufacturing Overhead Total Sales and Administrative
Expenses Net Operating Income Reconciliation: Net Operating Income: Variable Fixed
Manufacturing Overhead Deferred in Inventory Net Operating Income: Absorption.
Happy Trails has the following information for its, manufacturing It.pdf
1. Happy Trails has the following information for its, manufacturing: Its income statement under
absorption costing is:
Happy Trails Variable Costing Income Statement Sales Beginning Inventory Cost of Goods
Manufactured Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Gross
Profit Variable Sales and Administrative Expenses Contribution Margin Fixed Sales and
Administrative Expenses Fixed Manufacturing Overhead Total Sales and Administrative
Expenses Net Operating Income Reconciliation: Net Operating Income: Variable Fixed
Manufacturing Overhead Deferred in Inventory Net Operating Income: Absorption
