Question
Watch this video: https://www.youtube.com/watch?v=H-R-8-V6W_0 While watching, think about the information you learned while reading Chapter 6. After, complete the requested calculations. XYZ Company manufactures a
Watch this video: https://www.youtube.com/watch?v=H-R-8-V6W_0 While watching, think about the information you learned while reading Chapter 6. After, complete the requested calculations. XYZ Company manufactures a unique device that is used by internet users to boost Wi-fi signals. The following data relates to the first month of operation: Beginning inventory 0 units Units produced 40,000 units Units sold 35,000 units Selling price $120 per unit Marketing and administrative expenses Variable marketing and administrative expenses per unit $4 Fixed marketing and administrative expenses per month $1,120,000 Manufacturing costs Direct materials cost per unit $30 Direct labor cost per unit $14 Variable manufacturing overhead cost per unit $4 Fixed manufacturing overhead cost per month $1,280,000 Using the information given, above: Calculate unit product cost under the variable costing method and the absorption costing method,
Income Statement under the variable costing method, as well as the absorption costing method, and
schedule to reconcile the net operating income under the variable and absorption costing methods
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