Organic, Inc. has collected the following data for November (there are no beginning inventories) (Click the icon to view the data.) Data table Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Print Done 700 units $425 per unit 53 per unit 58 per unit 22 per unit 10,150 per month 10 per unit 4,675 per month X Requirements 4 1. Using variable costing, calculate the unit product cost. 2. Prepare an income statement using the contribution margin format Print Done X

Organic, Inc. has collected the following data for November (there are no beginning inventories) (Click the icon to view the data.) Data table Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Print Done 700 units $425 per unit 53 per unit 58 per unit 22 per unit 10,150 per month 10 per unit 4,675 per month X Requirements 4 1. Using variable costing, calculate the unit product cost. 2. Prepare an income statement using the contribution margin format Print Done X

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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What is the unit product cost under variable costing?
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