HW 6 Question #1

1.) Qadir Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint: Use the reconciliation method.)