What is the unit product cost for the month under variable

Reference no: EM13396982

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

Selling price		$ 175

Units in beginning inventory		0
Units produced		9,500
Units sold		8,000
Units in ending Inventory		1,500

Variable costs per unit:
Direct materials		$ 55
Direct labor		$ 38
Variable manufacturing overhead		$ 2
Variable selling and admin		$ 10

Fixed costs:
Fixed manufacturing overhead		$ 300,000
Fixed selling and admin		$ 125,000

Required:

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

b. What is the unit product cost for the month under absorption costing?

c. Prepare an income statement for the month using the variable costing method.

d. Prepare an income statement for the month using the absorption costing method.

Reference no: EM13396982

Questions Cloud

Explain the perfectly competitive firm which you have : examine a perfectly competitive firm that you have recently purchased a product from focusing specifically on how it

For this assignment for this problem imagine you are an : for this assignment for this problem imagine you are an accountant and come into work to find several urgent emails

The following data in thousands of dollars have been taken : the following data in thousands of dollars have been taken from the accounting records ofnbsplarden corporationnbspfor

Identify the fixed and variable costs at the fast food : you are the owner of a fast food restaurant. given a new item that you recently advertised you experience additional

What is the unit product cost for the month under variable : maffei company which has only one product has provided the following data concerning its most recent month of

What are three aspects of your lifestyle that are different : what are three aspects of your lifestyle that are different from your parentsrsquo lifestyle? what impact does this

What is consumer behavior what is the importance of : what is consumer behavior? what is the importance of consumer behavior within the framework of marketing? how have

Using at least two current examples explain effective : a successful supply chain strategy includes good design and implementation. however supply chain strategy is not

Select a purchase you have made recently and describe in : write a 700- to 1050-word paper in which you relate consumer behavior to marketing. in your paper address the

User Account

All Pages

What is the unit product cost for the month under variable

Reference no: EM13396982

Reference no: EM13396982

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT