Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 157 0 3,710 3,490 220 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ 47 $ 50 $ 9 $ 11 $ 118,720 $ 10,470 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 Required Required Required Required A B D E What is the unit product cost for the month under variable costing? Cost Per Unit $ 106 Variable costing Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 157 0 3,710 3,490 220 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ 47 $ 50 $ 9 $ 11 $ 118,720 $ 10,470 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 Required Required Required Required A B D E What is the unit product cost for the month under absorption costing? Cost Per Unit $ 138 Absorption costing Complete this question by entering your answers in the tabs below. Required Required Required Required Required A B D E Prepare a contribution format income statement for the month using variable costing. Variable Costing Income Statement Variable expenses: $ $ Oo Fixed expenses: Oo $ Required Required Required Required Required A B D E Prepare an income statement for the month using absorption costing. Absorption Costing Income Statement 0 Gross margin Selling and administrative expenses: 0 0 Net operating income $ Required Required Required Required Required A B D E Reconcile the variable costing and absorption costing net operating incomes for the month. Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss)
