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Waterway Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture a deluxe portable cooking unit. Cost
Waterway Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below: Beginning inventory 0 units Units produced 11,600 Units sold 10,200 Manufacturing costs Fixed overhead $127,600 Variable overhead $7 per unit Direct labour $10 per unit Direct material $30 per unit Selling and administrative costs Fix $192,200 Variable $3 per unit sold The portable cooking unit sells for $112. Management is interested in the opening month's results and has asked for an income statement. Assuming the company uses absorption costing: (a) Your answer is correct. Calculate the manufacturing cost per unit. Manufacturing cost 58 per unit e Textbook and Media Attempts: 1 of 3 used Prepare an absorption-costing income statement for the first month of operation. WaterwayProducts Income Statement-Absorption Costing For the first month of operations Sales $ $ $
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