ACCT 505 Week 5 Course Project 1 LBJ Company ( New )
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$ 50 Variable manufacturing overhead $ 8 Variable selling and admin $ 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 . ================================================
ACCT 505 Week 5 Course Project 1 LBJ Company ( New )
For more course tutorials visit www . uophelp . com
COURSE PROJECT 1 INSTRUCTIONS You have just been contracted as a budget consultant by LBJ Company , a distributor of bracelets to various retail outlets across the country . The company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash .