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Zurgot Inc. has just organized a new division to manufacture and sell speclally designed computer tables, using select hardwoods. The division's monthly costs are shown

Zurgot Inc. has just organized a new division to manufacture and sell speclally designed computer tables, using select hardwoods. The division's monthly costs are shown in the schedule below:
Manufacturing costs:
Variable costs per unit:
Direct materials
Variable manufacturing overhead
Fixed manufacturing overhead costs (total)
Selling and adninistrative costs:
Variable
fixed (total)
$,158
$,16
$5710,230
Fixed (total)
12 of sales
3.136,75
Zurgot regards all of its workers as full-time employees, and the company has a long-standing no-layoff policy. Furthermore. production is highly automated. Accordingly, the company includes its labour costs in its fixed manufacturing overihead. The tables sell. for $500 each.
During the first month of operations, the following activity was recorded:
\table[[Units produced,4,490],[Units sold,3,420]]
Required:
Compute the unit product cost under each of the following costing method.
\table[[,,\table[[Unit Product],[Cast]]],[a.,Absprpbion costing,],[b.,Variable costing,]]
Prepare an income statement for the month using absorption costing. (Do not leave any empty spaces; Input a 0 wherever It is required.)
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