Question
IM Stuck Please help 1) Hall Cosmetics Corporation company has the following costs associated with its production and sales. Beginning inventory 0 Units produced 63500
IM Stuck Please help
1)
Hall Cosmetics Corporation company has the following costs associated with its production and sales.
Beginning inventory
0
Units produced
63500
Units sold
52800
Selling price per units
$18.00
Variable sales and administration expenses
$2.00
Fixed sales and administration Expenses
$112500
Direct material cost per unit
$4.00
Direct Labor Cost per unit
$5.00
Variable Manufacturing Overhead cost per unit
$2.50
Fixed Manufacturing Overhead Cost per unit
$190,500
Calculate the Cost per Unit using the Absorption Method. Make an Absorption Income Statement as of December 31, 2020
2)
Hall Cosmetics Corporation company has the following costs associated with its production and sales.
Beginning inventory
0
Units produced
63500
Units sold
52800
Selling price per units
$18.00
Variable sales and administration expenses
$2.00
Fixed sales and administration Expenses
$112500
Direct material cost per unit
$4.00
Direct Labor Cost per unit
$5.00
Variable Manufacturing Overhead cost per unit
$2.50
Fixed Manufacturing Overhead Cost per unit
$190,500
Calculate the Cost per Unit using the Variable Income Statement Method
Prepare a Variable Income Statement as of December 31, 2020
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