Question
I need to show the work on this assigment as well including an apa title page. Paint More, LLC, has organized a new division to
I need to show the work on this assigment as well including an apa title page.
Paint More, LLC, has organized a new division to manufacture and sell specialty paint. The divisions monthly costs are shown below:
Manufacturing costs: | ||
Variable costs per unit: | ||
Direct materials | $12 | |
Variable manufacturing overhead | $1 | |
Fixed manufacturing overhead costs (total) | $100,000 | |
Selling and administrative costs: | ||
Variable | 7% of sales | |
Fixed (total) | $31,000 |
Because the production is highly automated, the company includes its labor costs in its fixed manufacturing overhead. The gallons of paint sell for $68 each. During September, the first month of operations, the following activity was recorded: Units produced 5,000 Units sold 4,000 Instructions: Submit an Excel document with each tab labeled by item number that demonstrates the following:
- Compute the unit product cost under:
- Absorption costing
- Variablecosting
- PrepareanabsorptioncostingincomestatementforSeptember
- Prepare a contribution format income statement for September using variable costing
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