Units produced and sold .........450 units Sales price ................ $ 275 per unit Direct materials .............. 52
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Question:
Units produced and sold .........450 units Sales price ................ $ 275 per unit Direct materials .............. 52 per unit Direct labor .............. 64 per unit Variable manufacturing overhead ...... 18 per unit Fixed manufacturing overhead ....... 7,875 per month Variable selling and administrative costs ... 25 per unit Fixed selling and administrative costs ..... 4,950 per month
Requirements
1. Using absorption costing, calculate the unit product cost.
2. Prepare an income statement using the traditional format.
3. Using variable costing, calculate the unit product cost.
4. Prepare an income statement using the contribution margin format
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