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ACC - The Maffei Conpany

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The Maffei Company which has only one product has provided the following data concerning its most recent month of operations;selling price $175.00;Units in inventory 0;units produced $9500;units sold 8000;units in ending inventory 1,500;variable costs per unit;direct materials $55;direct labor $38;variable manufacturing overhead $2;variable selling and admin $10;fixed costs;fixed manufacturing overhead $300,000;fixed selling and admin$125,000;Required;a What is the unit product cost for the month under the variable costing?;b. What is the unit product cost for the month under absorption costing?;c. Prepare an income statememt for the month using the variable costing method;d. Prepare an income statement for the month using the absorption costing method

 

Paper#80680 | Written in 18-Jul-2015

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