ups/ev Submit Save & Exit Help Seved Ch6 Prob6-20 work Check my 1 High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: 2 points Beginning inventory Units produced Units sold Selling price per unit. Selling and administrative expenses Variable per unit Fixed (per month) Manufacturing costa Direct materials cot per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manafacturing overhead eost (per month) 39,000 34,000 84 eBook S 560,000 Print S 17 References 585,000 Management is anxious to assess the profitability of the new camp cot during the month of May Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost b. Prepare an income statement for May 2. Assume that the company uses variable costing. a. Determine the unit product cost b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Reg 1A Reg 18 Reg 2A Reg 2B Co 1 of 1 Prey Next> MacBook Pro esc aSearch or type URL 1 & 2 4 6 7 Q W E T Y U A S D LO L R Check my work 1 Manufacturing costs 17 Direct naterials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) 6 $ $ 585,000 ooints Management is anxious to assess the profitability of the new camp cot during the month of May Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May. eBook Print References Complete this question by entering your answers in the table below. Rea 1A Req 18 Reg 2A Reg 2B Determine the unit product cost. Assume that the company uses absorption costing. Unit product cost 42 Reg 18 Co Ma Prev 1 of 1 Next MacBook Pro esc Q Search or type URL # 2 6 7 Q W T U A I Y LO LL S 4 E 1 Management is anxious to assess the profitability of the new camp cot during the month of May Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. ints a. Determine the unit product cost. b. Prepare a contribution format income statement for May eBook Complete this question by entering your answers in the table below. Print Req 1A Req 1B Req 2A Req 28 References Prepare an income statement for May, Assume that the company uses absorption costing. High Country, Inc. Absorption Costing Income Statement Sales Cost of goods sold Gross margin 0 Selling and administrative expenses. Net operating income Graw Hill 1 Next MacBook Pro esc Search or type URL $ & 2 3 4 5 7 Q W E R T Y U CO 4. M3auiie u io ure Upany uses vaiiauIe LUSUy- a. Determine the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Req 2A Reg 2B Req 1A Req 1B ok Prepare a contribution format income statement for May. Assume that the company uses variable co High Country, Inc. int Variable Costing Income Statement Sales Variable expenses: rences Variable cost of goods sold Variable selling expense Flxed expenses Fixed selling and administrative expense Foxed manufacturing overhead Net operating loss Reg 2A Mc Prev -1 of 1 Next esc Q Search or type URL $ 1 2 3 4 6 7 Q W R