Question
Ober Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $135 Units in beginning
Ober Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $135 Units in beginning inventory: 0 Units produced:9,050 Units sold:8,700
Units in ending inventory: 350 Variable costs per unit- Direct materials:$35 Direct labor: $37.50 Variable manufacturing overhead:$ 4.50 Variable selling and administrative expense:$11.50 Fixed costs- Fixed manufacturing overhead: $221,725 Fixed selling and administrative expense: $110700 Required: a. Prepare a contribution format Income statement for the month using variable costing. b. Prepare an Income statement for the month using absorption costing.
a. Prepare a contribution format Income statement for the month using varlable costing. b. Prepare an Income statement for the month using absorption costing. Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the month using variable costing. b. Prepare an Income statement for the month using absorption costing. Complete this questibn by entering your answers in the tabs below. Prepare an income statement for the month using absorption costing
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