Business, 19.03.2021 18:30, sairaanwar67

Beginning inventory0 Units produced49,000
Units sold44,000
Selling price per unit$81
Selling and administrative expenses:
Variable per unit$2
Fixed (total)$562,000
Manufacturing costs:
Direct materials cost per unit$18
Direct labor cost per unit$9
Variable manufacturing overhead cost per unit$4
Fixed manufacturing overhead cost (total)$980,000

Requirement 1:
Assume that the company uses absorption costing.
(a)Determine the unit product cost. (Omit the "$" sign in your response.)
Unit product cost$
(b)
Prepare an income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.)

(Click to select)Cost of goods manufacturedBeginning inventoryEnding inventoryGoods available for saleSales$
(Click to select)SalesEnding inventoryBeginning inventoryGoods available for saleCost of goods sold

(Click to select)Gross lossGross profit
(Click to select)SalesEnding inventoryGoods available for saleSelling and administrative expensesCost of goods manufactured
(Click to select)Net operating lossNet operating income
$

Answers: 3

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Beginning inventory0 Units produced49,000
Units sold44,000
Selling price per unit$81...