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Can I get help with D and E please Mahugh Corporation, which has only one product, has provided the following data concerning its most recent
Can I get help with D and E please
Mahugh Corporation, which has only one product, has provided the following data concerning its most recent mo 206 0 3.330 2,830 500 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead Fixed selling and administrative 47 58 17 5 128.640 S 11,320 Required: a. What is the unit product cost for the month under variable costing? (Do not round intermediate calculation Cost per unit Variable costing S114 b. What is the unit product cost for the month under absorption costing? Cost per unit Apsorpton cossing 152 b. What is the unit product cost for the month under absorption costing? Absorption costing 152 c. Prepare a contribution format income statement for the month using variable costing MAHUGH CORPORATION Variable Costing Income Statement ales 582,980 Variable expenses: Fixed manufacturing overhead Indirect labor Indirect materials Purchases 5 25.470 164,140 133,010 48,110370,730 Contribution margin 212.250 Fixed expenses: 126.540 Fixed manufacturing overhead Fixed selling and administrative expense 11.320137,860 $ 74.390 Net operating income Fixed manufacturing overhead 126,540 Fixed selling and administrative expense 11,320 137,860 Net operating income $ 74,390 d. Prepare an income statement for the month using absorption costing. MAHUGH CORPORATION Income Statement Sales S 582,980 582,980 Selling and administrative expenses: 0 S 582,980 e. Reconcile the vaniable costing and absorption costing net operating incomes for the month Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net income Absorption costing net operating income Step by Step Solution
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