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Business, 01.06.2021 01:40 IsoSaysHi

Beginning inventory 44,000 Units sold 39,000
Selling price per unit $80
Selling and administrative expenses:
Variable per unit $4
Fixed (per month) $570,000
Manufacturing costs:
Direct materials cost per unit $15
Direct labor cost per unit $10
Variable manufacturing
overhead cost per unit $2
Fixed manufacturing
overhead cost (per month) $748,000

Assume that the company uses absorption costing.

Required:
a. Determine the unit product cost.
b. Prepare an income statement for May.

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Answers: 3

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Beginning inventory 44,000 Units sold 39,000
Selling price per unit $80
Selling and a...
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