logi Edit View History Bookmarks Window Help 0 ezto.mheducation.com on 4 - Chapter 06 Pre-Built Problems - Connect G ogilvy company manufactures and sells one product - Google Search Dashboard er 06 Pre-Built Problems i Saved Help Save & Exit Check my High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory Units produced 19, 000 Units sold 44, 000 Selling price per unit 175 Selling and administrative expenses: Variable per unit $ Fixed (per month) $ 556, 000 Manufacturing costs: Direct materials cost per unit 16 Direct labor cost per unit $ 19 Variable manufacturing overhead cost per unit 2 Fixed manufacturing overhead cost (per month) $ 882,000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing a. Calculate the unit product cost. . Prepare an income statement for May. 2. Assume that the company uses variable costing . Calculate the unit product cost. . Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Leq 1A Req 18 Req 2A Req 2B Prepare a contribution format income statement for May. Assume that the company uses variable costing. High Country, Inc. Variable Costing Income Statement 55,108 OCT 4 13View History Bookmarks Window Help 0 ezto.mheducation.com Chapter 06 Pre-Built Problems - Connect G ogilvy company manufactures and sells one product - Google Search Das 5 Pre-Built Problems i Saved Help Sav High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory Units produced 19, 000 Units sold 44, 000 Selling price per unit 175 Selling and administrative expenses: Variable per unit 3 Fixed (per month) 556, 090 Manufacturing costs: Direct materials cost per unit 16 Direct labor cost per unit Variable manufacturing overhead cost per unit $ Fixed manufacturing overhead cost (per month) $ 882, 000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Calculate the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Req 1A Reg 1 Req 2A Req 2B Prepare an income statement for May. Assume that the company uses absorption costing. High Country, Inc. Absorption Costing Income Statement View History Bookmarks Window Help ezto.mheducation.com estion 4 - Chapter 06 Pre-Built Problems - Connect G ogilvy company manufactures and sells one product - Google Search pter 06 Pre-Built Problems i Saved Help 4 High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory Skipped Units produced 49 , 000 Units sold 44 . 000 Selling price per unit 75 Selling and administrative expenses; Variable per unit $ 13 Fixed (per month) $ 556, 000 Bo Manufacturing costs: Direct materials cost per unit 16 Direct labor cost per unit 9 Variable manufacturing overhead cost per unit Print Fixed manufacturing overhead cost (per month) $ 882, 000 n Management is anxious to assess the profitability of the new camp cot during the month of May eference Required: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Calculate the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Reg 14 Req 1B Req 2A Reg 2B Determine the unit product cost. Assume that the company uses absorption costing. Unit product cost Req 1B > log ile Edit View History Bookmarks Window Help 0 ezto.mheducation.com jestion 4 - Chapter 06 Pre-Built Problems - Connect G ogilvy company manufactures and sells one product - Google Search Da apter 06 Pre-Built Problems i Saved Help Sa 4 High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory Ipped Units produced 49, 000 Units sold 44, 000 Selling price per unit 175 Selling and administrative expenses: Variable per unit Fixed (per month) $ 556, 000 Book Manufacturing costs: Direct materials cost per unit 16 Direct labor cost per unit 19 Variable manufacturing overhead cost per unit 2 Print Fixed manufacturing overhead cost (per month) $ 882, 000 Management is anxious to assess the profitability of the new camp cot during the month of May. ference Required: . Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Calculate the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Req 14 Req 18 Req 2A Req 28 Determine the unit product cost. Assume that the company uses variable costing. Unit product cost