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What is the unit product cost for the month

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Reference no: EM132797194

Question - Data concerning Sonderegger Company operations last year appear below:

Selling price $110

Units in beginning inventory 0

Units produced 70,000

Units sold 60,000

Selling price per unit $12.00

Variable costs per unit:

Direct materials $2.00

Direct labour $1.00

Variable manufacturing overhead $1.00

Variable selling and administrative $1.50

Fixed costs:

Fixed manufacturing overhead $140,000

Fixed selling and administrative $150,000

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) Make an income statement for the month using the absorption costing method.

Reference no: EM132797194

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