#2 req 1a,b 2a,b

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: 10 points Beginning inventory Units produced Units sold 40,000 35,000 82 Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) eBook Print 3 $ 559,000 References 16 2 $ $ 720,000 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. Determine the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. 2 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. Determine the unit product cost. b. Prepare an income statement for May 2.Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May. 10 points eBook Print References Complete this question by entering your answers in the table below. Req 1A Req 18 Req 2A Req 28 Determine the unit product cost. Assume that the company uses absorption costing. Unit product cost Reg 1A Req 18 Saved 2 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. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May 10 points eBook Print References Complete this question by entering your answers in the table below. Req 1A Req 18 Req 2A Req 2B Prepare an income statement for May. Assume that the company uses absorption costing. High Country, Inc. Absorption Costing Income Statement 2 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. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May. 10 points eBook Print References Complete this question by entering your answers in the table below. Req 1A Req 1B Req 2A Req 2B Determine the unit product cost. Assume that the company uses variable costing. Unit product cost Reg 1B Reg 2B neip 2 Complete this question by entering your answers in the table below. 10 Req 1A Req 1B Req 2A Req 2B points Prepare a contribution format income statement for May, Assume that the company uses variable costing. eBook High Country, Inc. Print Variable Costing Income Statement References Reg 2A Re 21