Aaker Company, which has only one product, has provided the following data concerning its most recent month
Question:
Aaker Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling Price | $99 |
Units in Beginning Inventory | 0 |
Units Produced | 6,300 |
Units Sold | 6,000 |
Units in Ending Inventory | 300 |
Variable Costs per Unit: | |
Direct Materials | $12 |
Direct Labour | $42 |
Variable Manufacturing Overhead | $ 6 |
Variable Selling and Administrative | $ 6 |
Fixed Costs: | |
Fixed Manufacturing Overhead | $170,100 |
Fixed Selling and Administrative | $ 24,000 |
What is the unit product cost for the month under absorption costing? | |
What is the unit product cost for the month under variable costing? | |
What is the total contribution margin for the month under the variable costing approach? | |
What is the total gross margin for the month under the absorption costing approach? | |
What is the total period cost for the month under the variable costing approach? | |
What is the total period cost for the month under the absorption costing approach? | |
What is the net income (loss) for the month under variable costing? | |
What is the net income (loss) for the month under absorption costing? |