Chapter 19- Homework 6) ezto.mheducation.com /hm.tpx?0.5402925570881 282-1509e02

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Chapter 19- Homework 6) ezto.mheducation.com /hm.tpx?0.5402925570881 282-1509e02994013 | c | a search Exercise 19 9 Income statement under absorption costing and variable costing lPL P2 The following information applies to the questions displayed below] Cool Sky reports the following costung data on its product for nts first yeer of operations. During this first year, the company produced 44,000 units and sold 36,000 unlts at a price of $140 per unit Manufacturing costs 60 Direct materials per unit Direct labor per unt Vartable overhead per unit Flxed overhead for the year $ 27 528,000 $ 10 Selling and administretive cost Variable selling and administrative cost per unit Fixed selllng and administrative cost per year $ 105,000 References Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 Section Break

Explanation / Answer

1a.

1b. Absorption Costing Income Statement

2a.

2b. Variable costing income statement

Per unit product cost using: Absorption costing Direct materials $60 Direct labor 22 Variable overhead 8 Fixed overhead ($528000/ 44000) 12 Cost per unit $102

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