Audiophonics Limited manufactures and tells high-quality and durable ear bude for use with personal electronies that we custom moulded to each customer's eat Cour data for the product follow 6 6 Wrible costs per unit Direct materials Direct labour wrable factory overhead Versable selling and administratie Total wariable costs per unit Foud costs per month Facturing overhead Pied selling and administrative Total fixed cost per month $191,400 The product cells for $64 pet unit. Production and cales data for May and June, the fict two months of operations, we as follows: units produced wy 17,00 17.00 20, Units sold 14, Income statements prepared by the Accounting Department using absorption costing we presented below. Sune . 15, 250, cost of goods soldi ning inventory Add cost of podsufactured Goods labe for sale Lesenting into cost of pots sold Cross gan Selling and administratives Opening 213 1 . 1. Determine the unit product cost under each of the following methods 2. Absorption costing Variable costing 2. Prepare variable costing income statements for May and June using the contribution approach Do not leave any empty Spaces: Input a wherever it is required.) May Variable expenses Variable cott of goods doo Total wariable expenset Fixed spent Totaltoden Operating income down 13 3. Reconcile the variable couting and absorption costing operating income figures llous amounts should be indkated with minus sign.) My Variable conting operating income on Add: Cort defend in inventory under absorption costing Deduct Cort released from inventory under absorption costing Absorption costing operating income Audiophonics Limited manufactures and tells high-quality and durable ear bude for use with personal electronies that we custom moulded to each customer's eat Cour data for the product follow 6 6 Wrible costs per unit Direct materials Direct labour wrable factory overhead Versable selling and administratie Total wariable costs per unit Foud costs per month Facturing overhead Pied selling and administrative Total fixed cost per month $191,400 The product cells for $64 pet unit. Production and cales data for May and June, the fict two months of operations, we as follows: units produced wy 17,00 17.00 20, Units sold 14, Income statements prepared by the Accounting Department using absorption costing we presented below. Sune . 15, 250, cost of goods soldi ning inventory Add cost of podsufactured Goods labe for sale Lesenting into cost of pots sold Cross gan Selling and administratives Opening 213 1 . 1. Determine the unit product cost under each of the following methods 2. Absorption costing Variable costing 2. Prepare variable costing income statements for May and June using the contribution approach Do not leave any empty Spaces: Input a wherever it is required.) May Variable expenses Variable cott of goods doo Total wariable expenset Fixed spent Totaltoden Operating income down 13 3. Reconcile the variable couting and absorption costing operating income figures llous amounts should be indkated with minus sign.) My Variable conting operating income on Add: Cort defend in inventory under absorption costing Deduct Cort released from inventory under absorption costing Absorption costing operating income
