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Bella, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Read the requirements. Requirement
Bella, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Read the requirements. Requirement 1. Using variable costing, calculate the unit product cost. (Round your final answer to the nearest cent.) Variable costing Unit product cost Requirement 2. Prepare an income statement using the contribution margin format. Bella, Inc. X Income Statement (Variable Costing) Data table For the Month Ended November 30 Units produced and sold 450 units X Requirements Sales price $425 per unit Direct materials 53 per unit Direct labor 80 per unit 1. Using variable costing, calculate the unit product cost. 2. Prepare an income statement using the contribution margin Variable manufacturing overhead 12 per unit format. Fixed manufacturing overhead 6,300 per month Variable selling and administrative costs 40 per unit Fixed selling and administrative costs 4,675 per month Operating Income Print Done Print DoneChong Company reports the following data: (Click on the icon to view the finished goods inventory.) (Click on the icon to view manufacturing costs.) Calculate the product cost per unit and the total cost of the 1,900 units in ending inventory using absorption costing and variable costing. Calculate the cost per unit using absorption costing and variable costing. (If an input field is not used in the table leave the input field empty; do not enter a zero.) Absorption Variable Costing Costing Total product cost per unit Calculate the total cost of the 1,900 units in ending inventory using absorption costing. The total cost of the 1,900 units in ending inventory using absorption costing is Calculate the total cost of the 1,900 units in ending inventory using variable costing. The total cost of the 1,900 units in ending inventory using variable costing is - X Data table - X Data table Finished Goods Inventory: Beginning balance, in units 1,000 Manufacturing Costs: Units produced 2,000 Variable manufacturing costs per unit $ 63 Units sold (1,100) Total fixed manufacturing costs 40,000 1,900 Ending balance, in units Print Done Print Done
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