Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations 5 188 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory 3,560 3,110 450 $ S 51 52 AM 14 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 expense $121,040 $ 12,440 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 What is the unit product cost for the month under variable costing? Cost Per Unit Variable conting Required) Maher Corporation, which has only one product has provided the following data concerning its most recent month of operations $ 188 Selling price 3,560 3,110 450 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 expense 5 $ 5 5 51 52 11 14 $121,040 112,440 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. Reconclle 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 Requited Required A What is the unit product cost for the month under absorption costing? Cost Per Unit Absorption costing Net operating Income (Required Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations. $ 188 @ 3,560 3,110 450 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 expense 51 52 11 14 $ $ 3121,040 $ 12,440 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 B Required Required A Required D Required E Reconcile the variable costing and absorption costing net operating incomes for the month Reconciliation of Variable Costing and Absorption Couting Net Operating Income Variable costing net operating income (0) Absorption costing net operating income (los)
