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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.
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ACCT 505 Week 5 Course Project 1 LBJ Company (New)
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COURSE PROJECT 1 INSTRUCTIONS