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Question 2 Fresh Air Products manufactures and sells a variety of camping products. Recently the company opened a new plant to manufacture a deluxe portable
Question 2 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: O units 11,000 9,800 Beginning inventory Units produced Units sold Manufacturing costs Fixed overhead Variable overhead $110,000 $3 per unit $10 per unit $29 per unit Direct labour Direct material Selling and administrative costs Fixed $ 204,100 $4 per unit sold Variable The portable cooking unit sells for $111. Management is interested in the opening month's results and has asked for an income statement. (a) Assuming the company uses variable costing: 1. Calculate the manufacturing cost per unit. Manufacturing cost per unit $ 2 Prepare a variable-costing income statement for the first month of operation PRINTER VERSION BACK NEXT Manufacturing cost per unit $ 2. Prepare a variable-costing income statement for the first month of operation. Fresh Air Products Income Statement-Variable Costing For the first month of operations $ $ LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used
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