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1a-2b are for the same data set, thanks Check 2 High Country, Inc., produces and sells many recreational products. The company has just opened a
1a-2b are for the same data set, thanks Check 2 High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation 5 DO 0 37,000 32.000 79 $ Beginning inventory Units produced Dhits sold Belling price per unit delling and administrative expenses Variable per unit Fixed (per month Manufacturing costat Direct materiais coat per unit Direct labor cost per unit Variable manufacturing overhead cont per unit Tixed manufacturing overhead coat (per month $ 2 5 563,000 Waferences $ 17 . 3 9.703,000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing, a. Calculate the unit product cost b. Prepare an income statement for May 2. Assume that the company uses variable costing a. Calculate the unit product cost. b. Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. Reg 1A Reg 18 H2A Reg 21 Prepare a contribution format income statement for May, Assume that the company uses variable costing
1a-2b are for the same data set, thanks
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