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Nesman Company, which has only one product, has provided the following data concerning its most recent month of operations Selling price S 122 Units in
Nesman Company, which has only one product, has provided the following data concerning its most recent month of operations Selling price S 122 Units in beginning inventory Units produced Units solod Units in ending inventory 290 6,600 6,590 300 Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrativeS Fixed costs Fixed manufacturing overhead Fixed selling and administrative 42 26 2 21 151,800 S 46,130 The company prod to month. The company's variable costs per unit and total fixed costs have been constant from month to month uces the same number of units every month, although the sales in units vary from month Required a. Prepare a contribution format income statement for the month using variable costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Unit product cost under variable costing Direct materials Direct labor Variable manufacturing overhead Variable costing unit product cost Variable Income Statement (Click to select) Variable expenses (Click to select) (Click to select) Click to Fixed expenses: Click to select) (Click to select) (Click to b. Prepare an income statement for the month using absorption costing. (Input all amounts as positive be values except losses which should be indicated by a minus sign. Leave no cells blank certain to enter "O" wherever required. Omit the "S" sign in your response.) Unit product cost under absorption costing: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead cost Absorption costing unit product cost Income Ststement Click to select) Click to Click to select) (Click to Click to
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