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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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