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Zola Company manufactures and sells one product. The following information pertains to the company's first year of operations: $ 15 Variable cost per unit: Direct
Zola Company manufactures and sells one product. The following information pertains to the company's first year of operations: $ 15 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $ 200,000 $ 250,000 $ 75,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Zola produced 20,000 units and sold 16,000 units. The selling price of the company's product is $57.00 per unit. Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Compute the unit product cost for the year. Assume the company uses super-variable costing. Unit product cost Req 1A Reg 1B Prepare an income statement for the year. Assume the company uses super-variable costing. Zola Company Super-Variable Costing Income Statement Fixed expenses
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