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

Required:

a$.$ What is the unit product cost for the month under variable costing?

b$.$ What is the unit product cost for the month under absorption costing?

c$.$ Prepare a contribution format income statement for the month using variable costing.

d$.$ Prepare an income statement for the month using absorption costing.

e$.$ Reconcile the variable costing and absorption costing net operating incomes for the month.

Complete this question by entering your answers in the tabs below.

Required B

Required C

Prepare a contribution format income statement for the month using variable costing.