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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
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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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: Manufacturing Costs Fixed Overhead Variable overhead Direct labor Direct material Beginning inventory Units produced Units sold 0: Selling and Administrative Costs Fixed Variable Total cost per unit $ $112,000 O $2 $10 $28 0 O 0 units 10,000 The portable cooking unit sells for $109. Management is interested in the opening month's re SUPPORT asked 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.) 9,000 per unit per unit per unit $160,000 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.) $4 per unit sold AyayaiCorp. Income Statement (Absorption Costing) $ SUPPORT
Transcribed Image Text: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: Manufacturing Costs Fixed Overhead Variable overhead Direct labor Direct material Beginning inventory Units produced Units sold 0: Selling and Administrative Costs Fixed Variable Total cost per unit $ $112,000 O $2 $10 $28 0 O 0 units 10,000 The portable cooking unit sells for $109. Management is interested in the opening month's re SUPPORT asked 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.) 9,000 per unit per unit per unit $160,000 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.) $4 per unit sold AyayaiCorp. Income Statement (Absorption Costing) $ SUPPORT
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