AutoSave OFF v Spring 2022 4B Problems Test 2 - Compatibility Mode - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Tell me G Times New... 12 A A Aa A E [A Paste BI Uab X x A v -- Page 1 of 4 657 words Q English (United States) Managerial Accounting 4B Test #2 (Ch. 5, 6, 7) AnHCcDdE AnBlxcDdE AaBbCcD AaBbCcDd AaBbCct ABBCCAFE Normal No Spacing Heading Hening? Title Name Part 2. Problems. There are four problems. Each one is worth the score indicated next to the problem number. Show all work for complete credit. You may attach extra pages if you so desire. Please be NEAT when writing your answers. I cannot grade illegible answers. (40 points possible) 1. (12 points) Penny Black Ltd., which has only one product, has provided the following data concerning its most recent month of operations: Selling price.. Units in beginning inventory... Units produced. Units sold..... Units in ending inventory. $94 0 27,000 21,000 6,000 Variable costs per unit: Direct materials $27 Direct labor......... $18 Variable manufacturing overhead $7 Variable selling and administrative .. $4 Fixed costs: Fixed manufacturing overhead. Fixed selling and administrative... $260,000 $280,000 Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare an income statement for the month using the contribution format and the variable costing method. d. Prepare an income statement for the month using the traditional format and the absorption costing method. a go Share Comments > Subtitle Styles Pare Dictate Editor Focus 137%