Question 1 Fresh Air Products manufactures and sells a variety of camping products. Recently the company opened a new plant to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operations are shown below: 0 units 11,700 10,400 Beginning inventory Units produced Units sold Manufacturing costs Fixed overhead Variable overhead Direct labour Direct material Selling and administrative costs Fixed Variable $105,300 $4 per unit $12 per unit $27 per unit $197,000 $3 per unit sold The portable cooking unit sells for $111. Management is interested in the opening month's results and has asked for an income statement. Assuming the company uses absorption costing: (a) x Your answer is incorrect. Try again. Calculate the manufacturing cost per unit. Manufacturing cost 43 per unit SHOW SOLUTION LINK TO TEXT LINK TO TEXT (b) Prepare an absorption-costing income statement for the first month of operation. Fresh Air Products Income Statement-Absorption Costing For the first month of operations + S + LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used