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Muza Enterprise, which has only one product, wwwwwwwww has provided the following data concerning its most recent month of operations: Selling price RM104 Unit in
Muza Enterprise, which has only one product, wwwwwwwww has provided the following data concerning its most recent month of operations: Selling price RM104 Unit in beginning inventory 0 Unit produced 3,300 Unit sold 3,000 Unit in ending inventory 300 Variable costs per unit: Direct materials RM26 Direct labour RM37 Variable manufacturing RM5 overhead Variable selling and RM10 administrative Fixed costs: Fixed manufacturing overhead RM16,500 Fixed selling and RM45,000 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
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