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no need for explanations please just the answers, thank you so much!! High Country, Incorporated, produces and sells many recreational products. The company has just
no need for explanations please just the answers, thank you so much!!
High Country, Incorporated, produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Managemlent is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Calculate the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Determine the unit product cost. Assume that the company uses absorption costing. Recuired: 1. Assume that the company uses absorption costing a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Colculato the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Prepare an income statement for May. Assume that the compamy uses absorption costing. Variable manufac Fixed manufacturing overhead cost (per month) Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Calculate the unit product cost b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Determine the unt product cost. Assume that the company uses variable costing. Prepare a contribution format income statement for May. Assume that the company uses variable costing Step by Step Solution
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