#1. 5 points

UHF Antennas, Inc., produces and sells a unique television antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue data have been reported for the first month of the new plant's operation:

Management is anxious to see how profitable the new antenna will be and has asked that an income statement be prepared for the month. Assume that direct labor is a variable cost. Required: a. Assuming that the company uses absorption costing, compute the unit product cost and prepare an income statement. b. Assuming that the company uses variable costing, compute the unit product cost and prepare an income statement. c. Reconcile the variable costing and absorption costing net operating incomes for the month.

#1. 5 points UHF Antennas, Inc., produces and sells a unique television antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue data have been reported for the first month of the new plant's operation: Management is anxious to see how profitable the new antenna will be and has asked that an income statement be prepared for the month. Assume that direct labor is a variable cost. Required: a. Assuming that the company uses absorption costing, compute the unit product cost and prepare an income statement. b. Assuming that the company uses variable costing, compute the unit product cost and prepare an income statement. c. Reconcile the variable costing and absorption costing net operating incomes for the month