Ques 4

Zurgot inc. has just organized a new division to manufacture and sell specially designed computer tables, using select hardwoods. The division's monthly costs are shown in the schedule below: Zurgot regards all of its workers as full time employees, and the company has a long-standing no-layoff policy. Furthermore. production is highly automated. Accordingly, the company includes its labour costs in its fixed manufacturing overhead. The tables sell for $496 each. During the first month of operations, the following activily was recorded: Required: 1. Compute the unit product cost under each of the following costing method. Required: 1. Compute the unit product cost under each of the following costing method. 2. Prepare an income statement for the month using absorption costing. (Do not leove any empty spaces; input o 0 wherever it is required.)