10 Check my work 3 Problem 6-22 Variable Costing Income Statements; Income Recon

Question

10 Check my work 3 Problem 6-22 Variable Costing Income Statements; Income Reconciliation [LO6- 1, LO6-2, LO6-3) 10 Denton Company manufactures and sells a single product. Cost data for the product are glven: points Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit 12 Print $ 21 Fixed costs per month Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 63,8e8 166,008 229,8ee References The product sells for $54 per unit. Production and sales data for July and August, the first two months of operations, follow Units Produced 21,00 21,000 Units Sold 17,800 25,000 uly August The company's Accounting Department has prepared the following absorption costing Income statements for July and August: July Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income 1,358,8ee 525,80e 825,006 241,e0e 584,eee S 918,8e8 357,888 561,808 217,808 344,8e0 Required 1. Determine the unit product cost under: a. Absorption costing. b. Varlable costing 2. Prepare contribution format variable costing Income statements for July and August. 3. Reconclle the varlable costing and absorption costing net operating Incomes. Complete this question by entering your answers in the tabs below Required 1Required 2Required 3 Determine the unit product cost under: (a) Absorption costing, (b) Variable costing Cost a. Absorption costing b. Variable costing Required 2>

Explanation / Answer

1.

2.

3.

Reconiliation :

Please hit the like button if the answer helped you else leave a comment for further clarification. Thank you! All the best!

Variable Costing Absorption Costing Direct Material 4 4 Direct Labour 12 12 Variable manufacturing overhead 2 2 Total Variable cost per unit 18 18 Fixed Mfg OH (63000/21000) - 3.00 Unit product cost 18 21.00

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

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