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a b c d all 4 are part of one question so solve all as per policy 100 $13 MSQI Company, which has only one
a b c d all 4 are part of one question so solve all as per policy
100 $13 MSQI Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price.. $91 Units in beginning inventory... Units produced 1.800 Units sold...... 1.400 Units in ending inventory 500 Variable costs per unit Direct materials S49 Direct labor.... Variable manufacturing overhead S2 Variable selling and administrative, S7 Fixed costs: Fixed manufacturing overhead.. $14.400 Fixed selling and administrative $7,000 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. Compute the unit product cost under both absorption and variable costing. b. Prepare an income statement for the year using absorption costing. c. Prepare an income statement for the year using variable costing d. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the yearStep by Step Solution
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