Please do not give solution in image format thanku Required:1. Compute the unit product cost under each of the following costing method.a Absorption costingb Vanable costingUnit ProductCost2. Prepare an income statement for the month using absorption costing. (Do not leave any empty spaces; input a O wherever it isrequired.)Cost of goods sold Zurgot Inc. has just organized a new division to manufacture and sell specially designed computer tables, using select hardwoods. Thedivision's monthly costs are shown in the schedule below:Manufacturing costs:Variable costs per unit:Direct materialsVariable manufacturing overheadFixed manufacturing overhead costs (total)Selling and administrative costs:VariableFixed (total)Units producedUnits sold4,4703,210Aktination$$17813$433,590Zurgot regards all of its workers as full-time employees, and the company has a long-standing no-layoff policy. Furthermore.production is highly automated. Accordingly, the company includes its labour costs in its fixed manufacturing overhead. The tables sellfor $496 each.During the first month of operations, the following activity was recorded:Unit ProductCost15% of sales$272,670Required:1. Compute the unit product cost under each of the following costing method..

ABSORPTION COSTINGAbsorption Costing is a Cost Management Accounting method in which all costs…

Required: 1. Compute the unit product cost under each of the following costing method. a Absorption costing) b Vaniable costing Unit Product Cost 2. Prepare an income statement for the month using absorption costing. (Do not leave any empty spaces; input a O wherever it is required.) Cost of goods sold

Required: 1. Compute the unit product cost under each of the following costing method. a Absorption costing) b Vaniable costing Unit Product Cost 2. Prepare an income statement for the month using absorption costing. (Do not leave any empty spaces; input a O wherever it is required.) Cost of goods sold

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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es Zurgot Inc. has just organized a new division to manufacture and sell specially designed computer tables, using select hardwoods. The division's monthly costs are shown in the schedule below: Manufacturing costs: Variable costs per unit: Direct materials Variable manufacturing overhead Fixed manufacturing overhead costs (total) Selling and administrative costs: Variable Fixed (total) Units produced Units sold 5,385 4,130 a. Absorption costing $ 20 $ $694,665 ta ta ta Unit Product Cost 173 Zurgot regards all of its workers as full-time employees, and the company has a long-standing no-layoff policy. Furthermore, production is highly automated. Accordingly, the company includes its labour costs in its fixed manufacturing overhead. The tables sell for $508 each. During the first month of operations, the following activity was recorded: 30 10% of sales $387,720 Required: 1. Compute the unit product cost under each of the following costing method. --- K
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