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Pacheo Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price Units in beginning inventory Units produced Units sold 108 955 2,390 3,000 Units in ending inventory Variable costs per unit: Direct materials 345 25 20 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 9,000 1 14 $64,530 The company produces the same number of units every month, although the sales in units vary from month to month. The company's varlable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint Use the reconciliation method.) Complete this question by entering your answers in the tabs below. Required Required Required A B C What is the unit product cost for the month under variable costing? Cost per Unit Variable costing Required A Required B > Pacheo Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit Direct materials Direct labor 108 955 2,390 3,000 ed 345 S 25 20 1 Variable manufacturing overhead Variable selling and adninistrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 9,000 14 $64,530 The company produces the same number of units every month, although the sales in units vary from month to month The company's variable costs per unit and total fixed costs have been constant from month to month, Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint Use the reconciliation method) Complete this question by entering your answers in the tabs below. Required Required Required A Prepare a contribution format income statement for the month using variable costing. Variable Costing Income Statement Sales Variable expenses: Variable cost of goods sold Variable selling and administrativer expenses Contribution margin Fixed expenses Fixed manufacturing overhead Fxed selling and administrative expenses Net operating income S 0 Required A Required C > Pacheo Corporation, which has only one product, has provided the following data concening its most recent month of operations: 108 Selling price Units in beginning inventory Units produced Units sold 955 2,390 3,000 Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead 345 25 20 1 Variable selling and administrative expense Fixed costs Fixed manufacturing overhead Fixed selling and administrative expense $ 9,000 14 $64,530 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint Use the reconciliation method.) Complete this question by entering your answers in the tabs below. Required Required Reduired Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint: Use the reconciliation method.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Less: Fixed manufacturing overhead costs deferred in inventory under absorption costing Absorption costing net operating income (loss) Required B Requlred C
