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4 012853 Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations Variable costs
4 012853 Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations Variable costs per unit: Hanufacturing Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense 30 16 6 6 300,500 228,600 During the year, the company produced 30,050 units and sold 25,400 units. The selling price of the company's product is $81 per unit Required: 1. Assume that the company uses absorption costing a. Compute the unit product cost Unit product cost 4 4 b. Prepare an income statement for the year. (Do not leave any empty spaces; input a 0 wherever it is required.) Absorption Costing Income Statement Cost of goods sold: 012836 0 0 0 $ 0 4 01:28:23 2. Assume that the company uses variable costing. a. Compute the unit product cost. Unit product cost 0 $ 0 4 01:28:06 b. Prepare an income statement for the year. (Do not leave any empty spaces; input a 0 wherever it is required.) Variable expenses Variable Costing Income Statement Variable cost of goods sold: Variable cost of goods sold Fixed expenses 0 0 0 0 0 0 4 Baxtell Company manufactures and sells a single product. The following costs were incurred during operations: Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead 30 16 6 6 01:03:00 Variable selling and administrative oped Fixed costs per year: Fixed manufacturing overhead 300,500 Fixed selling and administrative expense 228,600
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