Business, 17.03.2020 00:56 lhecker007
The EG Company produces and sells one product. The following data refer to the year just completed: Beginning Inventory 0 units Units produced 25,000 Units sold 20,000 Sales price per unit $400 Variable selling and administrative expenses per unit $ 15 Fixed Selling and administrative expenses (Total) $275,000 Manufacturing Costs: Direct materials cost per unit$ 200 Direct labor cost per unit$ 50 Variable manufacturing overhead cost per unit$ 30 Fixed manufacturing overhead (Total)$300,000 Required: a. 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 year using variable costing. d. Prepare an income statement for the year using absorption costing.
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Answers: 3
The EG Company produces and sells one product. The following data refer to the year just completed:...
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