Don't give answer in image Ayayai Corp. manufactures and sells a variety of camping products. Recently, the company opened a newplant to manufacture an ultralight portable cooking unit. Cost and sales data for the first month ofoperations, June 2022, are shown below:Manufacturing CostsFixed OverheadVariable overheadDirect laborDirect materialBeginning inventoryUnits producedUnits sold0:Selling and Administrative CostsFixedVariableTotal cost per unit$$112,000O$2$10$280O0 units10,000The portable cooking unit sells for $109. Management is interested in the opening month's re SUPPORTasked for an income statement.sume the company uses absorption costing.Calculate the production cost per unit. (Round answer to 2 decimal places, e.g. 52.75.)9,000per unitper unitper unit$160,000Prepare an income statement for the month of June, 2022. (Round per unit cost values to 2 decimalplaces, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)$4 per unit soldAyayaiCorp.Income Statement (Absorption Costing)$SUPPORT

ABSORPTION COSTINGAbsorption Costing is a Cost Management Accounting method in which all cost…

Ayayai Corp. manufactures and sells a variety of camping products. Recently, the company opened a new plant to manufacture an ultralight portable cooking unit. Cost and sales data for the first month of operations, June 2022, are shown below: 3 Manufacturing Costs Fixed Overhead 0 0: Variable overhead Direct labor Direct material Beginning inventory Units produced Units sold Selling and Administrative Costs Total cost per unit Fixed Variable $ $112.000 0 $2 0 $10 $28 sume the company uses absorption costing. Calculate the production cost per unit. (Round answer to 2 decimal places, e.g. 52.75.) The portable cooking unit sells for $109. Management is interested in the opening month's re SUPPORT asked for an income statement. 0 10,000 $ 0 units 9,000 Prepare an income statement for the month of June, 2022. (Round per unit cost values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) $160,000 per unit per unit per unit $4 per unit sold AyayaiCorp. Income Statement (Absorption Costing) $ SUPPORT

Ayayai Corp. manufactures and sells a variety of camping products. Recently, the company opened a new plant to manufacture an ultralight portable cooking unit. Cost and sales data for the first month of operations, June 2022, are shown below: 3 Manufacturing Costs Fixed Overhead 0 0: Variable overhead Direct labor Direct material Beginning inventory Units produced Units sold Selling and Administrative Costs Total cost per unit Fixed Variable $ $112.000 0 $2 0 $10 $28 sume the company uses absorption costing. Calculate the production cost per unit. (Round answer to 2 decimal places, e.g. 52.75.) The portable cooking unit sells for $109. Management is interested in the opening month's re SUPPORT asked for an income statement. 0 10,000 $ 0 units 9,000 Prepare an income statement for the month of June, 2022. (Round per unit cost values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) $160,000 per unit per unit per unit $4 per unit sold AyayaiCorp. Income Statement (Absorption Costing) $ SUPPORT

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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