thus is 3rd attempt for help please help solve t udes hot indicate con Required

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thus is 3rd attempt for help please help solve

t udes hot indicate con Required information Exercise 6.9 Income statement under absorption costing and variable costing The following information applies to the questions displayed below Cool Sky reports the following costing data on its product for its first year of operations During this frst year the company LO P1, P2 produced 42,000 units and sold 34.000 units at a price of $120 per unit Hanufacturing costs Direct saterials per unit Direct labor per unit variable overhead per unit Fixed overhead for the year 18 18 5 428-800 12 Selling end edministrative icosts Variabie selling and administrative.cost per unft ixed saliing ane administratiye cost per year Exercise 6-9 Part 1a

Explanation / Answer

Solution:-

1a:-

1b:-

2a:-

2b:-

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Per unit product cost using: Absorption costing Direct materials per unit 48 Direct labor per unit 18 Variable overhead per unit 6 Fixed overhead per unit (420,000 / 42,000) 10 Cost per unit 82

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