TB Problem Qu. 7-273 Maher Corporation, which has only one product... Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: 195 57 3,120 2,830 290 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 52 59 16 20 $ $102,960 $ 8,490 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? 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 A Required B Required C Required D Required E What is the unit product cost for the month under variable costing? Variable costing Cost Per Unit $ 127 Required a > aher Corporation, which has only one product, has provided the following data concerning its most recent month of operat $ 195 0 3,120 2,830 290 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 52 59 16 20 $102,960 $ 8,490 Required: 3. 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 A Required B Required Required D Required E What is the unit product cost for the month under absorption costing? Absorption costing Cost Per Unit 160 Che 2,830 290 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 52 $ $ $ 59 16 20 $102,968 $ 8,490 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 casting net operating incomes for the month. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Prepare a contribution format income statement for the month using variable costing, 552.850 Variable Costing Income Statement Sales Variable expenses Variable cost of goods sold Variable selling and administrative 5,660 $ 5.650 547.190 Contribution margin Fixed expenses Foxed manufacturing overhead Foxed selling and administrative expenses het operating income 5 547,180 195 @ 3,120 2,830 298 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 $ $ $ 52 59 16 20 $102,960 $ 8,490 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 A Required B Required C Required D Required E Reconcile the variable costing and absorption costing net operating incomes for the month. Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Add: Foxed manufacturing Overhead costs deferred in inventory under absorption costing Absorption costing net operating income (oss)
