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Accounting mangirial please solve everything with details You are given the following traditional income statement for Monopoly company, which produces the monopoly board game, for
Accounting mangirial
please solve everything with details
You are given the following traditional income statement for Monopoly company, which produces the monopoly board game, for the month of June X. Company $5,000,000 Income statement For the month ended 30 June 2020 Net als revenue Cost of goods sold Variable COGS 1.950.000) Fixed COGS 1.625.000 Gross profit Selling and administrative expense Variable S & Ap 500.000 Find Sexy 100 000 Operating income 2.575.000 1.425.000 500 000 56.25.000 You know that 70,000 units were produced during June 2020 of which 65,000 units were sold - leaving 5,000 units in the ending inventory. A. A. For the month of June 2020, Calculate the product cost per unit using the variable costing method. . B. For the month of June 2020, Calculate the period cost using the variable costing method. c. C. For the month of June 2020, Calculate the total variable cost amount that will appear in the contribution margin income statement DD. For the month of June 2020, Calculate the total fixed cost amount that will appear in the contribution margin income statement E E. Following to the previous information, If you knew that monopoly company give its managers bonuses based on its operating income. Which method (variable costing or absorption costing) would the managers prefer to use? Briefly explain whyStep by Step Solution
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