ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
13th Edition
ISBN: 9781264046263
Author: Hoyle
Publisher: MCG
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Chapter 5, Problem 33P
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Prepare the 2018 consolidation worksheet entries for Company M and Company Y. In addition, compute the net income attributable to the non-controlling interest for 2018.

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During its first year, Pine Co. reported a $12 per-unit profit under absorption costing, but the total profit would have been $9,000 less under variable costing. Production exceeded sales by 300 units, and the average contribution margin was 60%. a. What is the fixed cost per unit? b. What is the sales price per unit? c. What is the variable cost per unit? d. What is the unit sales volume if total profit under absorption costing was $96,000?
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