1. Delight Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price. $110 Units in beginning inventory. Units produced 4,600 4,200 400 Units sold . Units in ending inventory . Variable costs per unit: Direct materials ... Direct labor. Variable manufacturing overhead Variable selling and administrative... $46 $28 $5 $10 Fixed costs: Fixed manufacturing overhead... Fixed selling and administrative.. $55,200 $25,200 Required: a. What is the unit product cost for the month under absorption costing and 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.)
1. Delight Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price. $110 Units in beginning inventory. Units produced 4,600 4,200 400 Units sold . Units in ending inventory . Variable costs per unit: Direct materials ... Direct labor. Variable manufacturing overhead Variable selling and administrative... $46 $28 $5 $10 Fixed costs: Fixed manufacturing overhead... Fixed selling and administrative.. $55,200 $25,200 Required: a. What is the unit product cost for the month under absorption costing and 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.)
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 28P: The following information pertains to Vladamir, Inc., for last year: There are no work-in-process...
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