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4 Lukin Corporation reports the following first year production cost information: Units produced Units sold Sales price Direct labor Direct materials Variable overhead Fixed overhead Operating expenses 62,000 units 59,000 units $350 per unit $41 per unit $15 per unit $150 per unit $4,340,000 in total $1,000,000 Using an excel compute the following: a. Compute production cost per unit under variable costing. b. Compute production cost per unit under absorption costing. c. Prepare an Income Statement using Variable Costing d. Prepare an Income Statement using absorption costing.

4 Lukin Corporation reports the following first year production cost information: Units produced Units sold Sales price Direct labor Direct materials Variable overhead Fixed overhead Operating expenses 62,000 units 59,000 units $350 per unit $41 per unit $15 per unit $150 per unit $4,340,000 in total $1,000,000 Using an excel compute the following: a. Compute production cost per unit under variable costing. b. Compute production cost per unit under absorption costing. c. Prepare an Income Statement using Variable Costing d. Prepare an Income Statement using absorption costing.

Accounting
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter21: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 21.28EX: Appendix Absorption costing income statement On June 30, the end of the first month of operations,...
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please answer only part d

Problem 1-Income Staterment 4 Lukin Corporation reports the following first year production cost information: Units produced Units sold Sales price Direct labor Direct materials Variable overhead Fixed overhead Operating expenses 62,000 units 59,000 units $350 per unit $41 per unit $15 per unit $150 per unit $4,340,000 in total $1,000,000 Using an excel compute the following: a. Compute production cost per unit under variable costing. b. Compute production cost per unit under absorption costing. c. Prepare an Income Statement using Variable Costing d. Prepare an Income Statement using absorption costing.
Transcribed Image Text:Problem 1-Income Staterment 4 Lukin Corporation reports the following first year production cost information: Units produced Units sold Sales price Direct labor Direct materials Variable overhead Fixed overhead Operating expenses 62,000 units 59,000 units $350 per unit $41 per unit $15 per unit $150 per unit $4,340,000 in total $1,000,000 Using an excel compute the following: a. Compute production cost per unit under variable costing. b. Compute production cost per unit under absorption costing. c. Prepare an Income Statement using Variable Costing d. Prepare an Income Statement using absorption costing.
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