Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 190 selling price Units in beginning inventory Units produced Units sold 3,280 3,170 110 Units in ending inventory Variable costs per unit: Direct raterials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: $ 49 $ 53 $ 15 $ 18 Fixed manufacturing overhead Fixed selling and adrinistrative $ 181,68e $ 12,688 Required: . What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the month using variable costing. d. Prepare an income statement for the month using absorption costing. e. Reconcile the variable costing and absorption costing net operating incomes for the month.
Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 190 selling price Units in beginning inventory Units produced Units sold 3,280 3,170 110 Units in ending inventory Variable costs per unit: Direct raterials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: $ 49 $ 53 $ 15 $ 18 Fixed manufacturing overhead Fixed selling and adrinistrative $ 181,68e $ 12,688 Required: . What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the month using variable costing. d. Prepare an income statement for the month using absorption costing. e. Reconcile the variable costing and absorption costing net operating incomes for the month.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 3CE: Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month...
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Please help me with C and D parts. Thank you!
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