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Foundational (LO6-1, LO6-2, LO 6-3, L06-4] [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $70
Foundational (LO6-1, LO6-2, LO 6-3, L06-4] [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $70 per unit in two geographic regionsthe East and West regions. The following Information pertains to the company's first year of operations in which it produced 41,000 units and sold 36,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labor Varlable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead $ Fixed selling and administrative expenses $ A A A A 20 10 2 4 984,000 308,000 The company sold 26,000 units in the East region and 10,000 units in the West region. It determined that $150,000 of its fixed selling and administrative expenses Is traceable to the West region, $100,000 is traceable to the East region, and the remaining $58,000 is a common fixed cost. The company will continue to Incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. 1. value: 20.00 points Foundational 6-1 Required: 1. What is the unit product cost under variable costing? Unit product cost $ 36 2. value: 20.00 points Foundational 6-5 5. What is the company's total gross margin under absorption costing? Total gross margin 3. value: 20.00 points Foundational 6-7 7. What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)? Difference of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (Loss) Absorption costing net operating income (loss) 4. value: 20.00 points Foundational 6-11 11. What would have been the company's absorption costing net operating income (loss) if it had produced and sold 36,000 units? 5 value: 20.00 points Foundational 6-13 13. Prepare a contribution format segmented income statement that includes a Total column and columns for the East and West regions. Income Statement Total Company East West
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