22. The EG Company produces and sells one product. The following data refer to the year just completed:

Beginning Inventory 0 units

Units produced........................... 25,000

Units sold...................................... 20,000

Sales price per unit.................... $400

Variable selling and administrative expenses per unit $ 15

Fixed Selling and administrative expenses (Total) $275,000

Manufacturing Costs:

Direct materials cost per unit..................................................$ 200

Direct labor cost per unit..........................................................$ 50

Variable manufacturing overhead cost per unit..............$ 30

Fixed manufacturing overhead (Total).................................$300,000

Required: a. What is the unit product cost for the month under variable costing?

b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the year using variable costing.

d. Prepare an income statement for the year using absorption costing.

Question 22 45 pts The EG Company produces and sells one product. The following data refer to the year just completed: O units Beginning Inventory Units produced. 25,000 Units sold.. 20,000 Sales price per unit.. $400 Variable selling and administrative expenses per unit $ 15 Fixed Selling and administrative expenses (Total) $275,000 Manufacturing Costs: Direct materials cost per unit. $ 200 Direct labor cost per unit.. $ 50 Variable manufacturing overhead cost per unit. 30 $300,000 Fixed manufacturing overhead (Total). Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the year using variable costing. d. Prepare an income statement for the year using absorption costing. HTML Editor