ACCT 505 Course Great Wisdom / tutorialrank.com ACCT 505 Course Great Wisdom / tutorialrank.com | Page 21

$ 12
Fixed costs:
Fixed manufacturing overhead
$ 75,000
Fixed selling and admin
$ 20,000
The company produces the same number of units every month,
although the sales in units vary from month to month. The company's
variable costs per unit and total fixed costs have been constant from
month to month.
Required:a. What is the unit product cost for the month under
variable costing?
b. What is the unit product cost for the month under absorption
costing?
c. Prepare an income statement for the month using the variable
costing method.
d. Prepare an income statement for the month using the absorption
costing method.

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ACCT 505 Week 5 Measuring Performance - Course Project
A (DEVRY)
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