Pacheo Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 106 1,080 2,560 3,270 370 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 $ 22 $ 25 $ 2 $ 20 $53,760 $ 6,549 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint: Use the reconciliation method.) Complete this question by entering your answers in the tabs below. a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating incom reconciliation method.) Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the unit product cost for the month under variable costing? Cost per Unit $ 49 Variable costing Hequired a Required B Not Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare a contribution format income statement for the month using variable costing. Variable Costing Income Statement Sales $ 346,620 Variable expenses: Variable cost of goods sold Variable selling and administrative expenses $ 160,230 65,400 $ 225,630 120,990 Contribution margin Fixed expenses: Fixed manufacturing overhead 53,760 ULI Ullll and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. reconciliation method.) Complete this question by entering your answers in the tabs below. Required A Required B Required Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint reconciliation method.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Less: Fixed manufacturing overhead costs deferred in inventory under absorption costing Absorption costing net operating income (loss) 60,690 15,620 45,070 $
