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Exercise 6A-1 (Algo) Super-Varlable Costing Income Statement [LO6-6] Zola Company manufactures and sells one product. The following information pertains to the company's first year of
Exercise 6A-1 (Algo) Super-Varlable Costing Income Statement [LO6-6] Zola Company manufactures and sells one product. The following information pertains to the company's first year of operations: Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead $ 20 Fixed selling and administrative expenses $ 355,250 $340,000 $ 97,500 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Zola produced 24,500 units and sold 19,600 units. The selling price of the company's product is $70.20 per unit. Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Complete this question by entering your answers in the tabs below. Req 1A Req 18 Compute the unit product cost for the year. Assume the company uses super-variable costing. Unit product cost Complete this question by entering your answers in the tabs below. Req 1A Req 1B Prepare an income statement for the year. Assume the company uses super-variable costing. Zola Company Super-Variable Costing Income Statement Fixed expenses: < Req 1A Req 18 >
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