(Solved by Humans)-Problem 8–30 Great Outdoze, Inc. manufactures high-quality sleeping bags, which sell for $130 each..

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Problem 8–30 Great Outdoze, Inc. manufactures high-quality sleeping bags, which sell for $130 each. The variable costs of production are as follows: Direct material ..................................... $40 Direct labor.......................................... $22 Variable manufacturing overhead......... $16 Budgeted fixed overhead in 20x4 was $400,000 and budgeted production was 25,000 sleeping bags. The year’s actual production was 25,000 units, of which 22,000 were sold. Variable selling and administrative costs were $2 per unit sold; fixed selling and administrative costs were $60,000. Assume that direct material is the only unit-level manufacturing cost. The company has committed its spending for direct labor and overhead (variable and fixed). 2. Prepare an income statement for the year 20x4 using throughput costing.