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Hi- Can I please have assistance on the following: Variable costs per unit: Direct materials $ 3 Direct labor 9 Variable manufacturing overhead 2 Variable

Hi- Can I please have assistance on the following:

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Variable costs per unit: Direct materials $ 3 Direct labor 9 Variable manufacturing overhead 2 Variable selling and administrative 1 Total variable cost per unit $ 15 Fixed costs per month: Fixed manufacturing overhead $ 135,000 Fixed selling and administrative 169,000 Total fixed cost per month $ 304,000 I \fJuly August Sales $1,196,000 $ 1,612,000 Cost of goods sold 437,000 589,000 Gross margin 759,000 1,023,000 Selling and administrative expenses 192,000 200,000 Net operating income $ 567,000 $ 823,000 I Required 1 Required 2 Required 3 Determine the unit product cost under: (a) Absorption costing, (b) Variable costing. Unit Product Cost a. Absorption costing b. Variable costingPrepare variable costing income statements for July and August. Net operating income (less) __ Required 1 Required 2 Required 3 Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions as a negative value.) Variable costing net operating income (loss) Add (deduct) xed manufacturing overhead cost deferred in (released from) inventory under absorption costing Absorption costing net operating income (loss)

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