Dance Creations manufactures authentic Hawallan hula skirts that are purchased for traditional Hawallan celebrations, costumeparties, and other functions. During its first year of business, the company incurred the following costs:variable Cost per Hula skirtDirect materialsDirect laborVariable manufacturing overheadVariable selling and administrative expensesFixed Costs per Month$ 9.753.55Fixed manufacturing overheadFixed selling and administrative expensesDance Creations charges $31 for each skirt that it sells. During the first month of operation, it made 1,540 skirts and sold 1,420.1.200.60Required 1 Required 2Required:1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month.2. Complete a contribution margin income statement for the last month.3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month.4. Complete a full absorption costing Income statement.6. Suppose next month Dance Creations expects to produce 1,540 hula skirts and sell 1,640. Without recreating the new Incomestatements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher?Complete this question by entering your answers in the tabs below.Required 1$ 16,5555,100Required 3 Required 4Required 6Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month.Note: Round your answer to 2 decimal places.Total Variable Manufacturing Cost per UnilRequired 2 >

Name: Dance Creations manufactures authentic Hawallan hula skirts that are
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Dance Creations manufactures authentic Hawallan hula skirts that are purchased for traditional Hawallan celebrations, costumeparties, and other functions. During its first year of business, the company incurred the following costs:variable Cost per