Question: Test 2 Covers Chapters 5, 6, 8 and 9 Saved Help Pacheo Corporation, which has only one product, has provided the following data concerning its

 Test 2 Covers Chapters 5, 6, 8 and 9 Saved Help

Test 2 Covers Chapters 5, 6, 8 and 9 Saved Help Pacheo Corporation, which has only one product, has provided the following data concerning its most recent month of operations: 10 108 770 2,400 2,850 20 points 320 Selling price Units in beginning inventory Units produced Units sold Unitsin ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Tixed costs Fixed manufacturing overhead Fixed selling and administrative expense 00:55.35 $ $ 23 24 Skipped $ 11 $57,600 $ 5,700 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint: Use the reconciliation method.)

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