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Qadir Company, which has only one product, has provided the

Customer Question

Qadir Company, which has only one product, has provided the following data concerning its most recent month of operations

Selling Price $93

Units in beginning inventory 0
Units produced 5,400
Units sold 5,200
Units in ending inventory 200

Variable costs per unit:
Direct materials $24
Direct labor 27
Variable Manufacturing overhead 2
Variable selling and administrative 10

Fixed costs:
Fixed manufacturing overhead $108,000
Fixed selling and administrative 36,400

Required:

a. What is the unit product cost for the month under variable costing?
b. Prepare an income statement for the month using the contribution format and the variable costing method.
c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint: Use the reconciliation method.)

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Absorption vs Variable.docPreview of question attachments

Absorption vs Variable.doc
Qadir Company, which has only one product, has provided the following
data concerning its most recent month of operations

Selling Price $93



Units in beginning inventory 0

Units produced 5,400

Units sold 5,200

Units in ending inventory 200



Variable costs per unit:

Direct materials $24

Direct labor 27

Variable Manufacturing overhead 2

Variable selling and administrative 10



Fixed costs:

Fixed manufacturing overhead $108,000

Fixed selling and administrative 36,400



Required:

What is the unit product cost for the month under variable costing?

Prepare an income statement for the month using the contribution format
and the variable costing method.

Without preparing an income statement, determine the absorption costing
net operating income for the month. (Hint: Use the reconciliation
method.)
Submitted: 4 years ago.
Category: Finance
Expert:  Manal Elkhoshkhany replied 4 years ago.

Hello

 

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Expert:  Manal Elkhoshkhany replied 4 years ago.

Thank you for the accept :)

 

 

Please advise the name of the book you are using: Title, author's name, and edition

 

Thank you