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Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning
Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory 195 0 3,120 2,830 290 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $ 52 $ 59 16 Variable selling and administrative expense $ 20 $102,960 8,490 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? C. Prepare a contribution format income statement for the month using variable costing. d. Prepare an income statement for the month using absorption costing. e. Reconcile the variable costing and absorption costing net operating incomes for the month. Complete this question by entering your answers in the tabs below. Required A Required B Required D Required C Required E That is the unit product cost for the month under variable costing? Cost Per Unit able costing < Prev 18 of 18 Next >
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