5 TB Problem Qu. 6-273 Maher Corporation, which has only one product Maher Corpo

Question

5 TB Problem Qu. 6-273 Maher Corporation, which has only one product Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 202 points Units in beginning inventory Units produced Unita sold Units in ending inventory 3,380 2,940 440 01:27:2 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and adninistrative expense 12 21 Fixed costa Fixed manufacturing overhead Fixed selling and administrative $118,300 $ 11,760 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 a contribution format income statement for the month using variable costing. d. Prepare an income statement for the month using absorption costing. e. Reconcile the variable costing and absorption costing net operating incomes for the month.

Explanation / Answer

a)

b)

c)

d)

e)

Direct material 55 direct labor 55 variable manufacturing overhead 12 unit cost 122

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