Reference no: EM132610512

Ruby Company which has only one product, has provided the following data concerning its most recent month of operations:

Selling price....................................................................P129

Units in beginning inventory...........................................0

Units produced..............................................................6,300

Units sold..........................................................................6,100

Units in ending inventory..............................................200

Variable costs per unit:

Direct materials................................................................P32

Direct labor.........................................................................P50

Variable manufacturing overhead............................P5

Variable selling and administrative...........................P11

Fixed costs:

Fixed manufacturing overhead.................................P88,200

Fixed selling and administrative...............................P97,600

Question 1: What is the unit product cost for the month under variable costing?

Question 2: What is the unit product cost for the month under absorption costing?

Question 3: The total contribution margin for the month under the variable costing approach is:

Question 4: The total gross margin for the month under the absorption costing approach is:

Question 5: What is the total period cost for the month under the variable costing approach?

Question 6: What is the total period cost for the month under the absorption costing approach?

Question 7: What is the net operating income for the month under variable costing?

Question 8: What is the net operating income for the month under absorption costing?