please help solve Help Save& Exit Subml Check my work Required information Exerc

Question

please help solve

Help Save& Exit Subml Check my work Required information Exercise 6- 9 Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below Cool Sky reports the following costing data on its product for produced 42.000 units and sold 34.000 units at a price of $120 per unit ts first year of operations During this first year, the compay Manufacturing costs Direct materials per untt 48 pirect labor per unit Varlable overheed periunit Fixed overhead foni the year 18 420,908 12 Selling and administrative costs Variable selling and ad inistrative cost per unit Fixed selline and adninistrative cost pen year 5 115, 0a Exercise 6-9 Part 1a

Explanation / Answer

1a) Product cost per unit under the Absorption costing method :

1b) Income Statement for the year under Absorption Costing :

1b) Product cost per unit under the Variable costing method :

1b) Income Statement for the year under Variable Costing Method :

Per unit cost $ Direct Material $48 Direct Labor 18 Variable Overhead 6 Fixed Overhead ($420000 / 42000) 10    Product cost per unit $82

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.