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Pepper Industries Uses a Standard Cost Accounting System

question 64

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Pepper Industries uses a standard cost accounting system. During March, 2016, the company reported the following manufacturing variances: Pepper Industries uses a standard cost accounting system. During March, 2016, the company reported the following manufacturing variances:    In addition, 15,000 units of product were sold at $18 per unit. Each unit sold had a standard cost of $14. Selling and administrative expenses for the month were $15,000. Instructions Prepare an income statement for management for the month ending March 31, 2016.
In addition, 15,000 units of product were sold at $18 per unit. Each unit sold had a standard cost of $14. Selling and administrative expenses for the month were $15,000.
Instructions
Prepare an income statement for management for the month ending March 31, 2016.


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