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Brock company produces and sells an industrial productthe

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Brock Company produces and sells an industrial product. The company has just opened a new plant to manufacture the product, and the following cost and revenue data have been provided for the first month of the plant%u2019s operation.
Beginning inventory
0   
Units produced
49,000   
Units sold
44,000   
Selling price per unit $ 80   
Selling and administrative expenses:

Variable per unit $ 2   
Fixed (total) $ 564,000   
Manufacturing costs

Direct materials cost per unit $ 14   
Direct labor cost per unit $ 8   
Variable manufacturing overhead cost per unit $ 2   
Fixed manufacturing overhead cost (total) $ 784,000   
Required:
1. Assume that the company uses absorption costing.
a. Determine the unit product cost.
Unit product cost $   
b.

Prepare an income statement for the month.

Reference no: EM13581814

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