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  3. $ 14 21 variable costs per unit: direct materials

$ 14 21 Variable costs per unit: Direct materials Direct labour Variable factory overhead Variable...

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Accounting

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$ 14 21 Variable costs per unit: Direct materials Direct labour Variable factory overhead Variable selling and administrative Total variable costs per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 4 46 $ $217,800 118,800 $336,600 The product sells for $64 per unit. Production and sales data for May and June, the first two months of operations, are as follows: May June Units Produced 19,800 19,800 Units Sold 15,400 24, 200 Income statements prepared by the Accounting Department using absorption costing are presented below: May June $ 985,600 $1,548,800 Sales Cost of goods sold: Beginning inventory Add cost of goods manufactured Goods available for sale Less ending inventory Cost of goods sold Gross margin Selling and administrative expenses Operating income 0 233,200 1,049,400 1,049,400 1,049,400 1,282,600 233,200 0 816, 200 1,282,600 169,400 266,200 180,400 215,600 (11,000) $ 50,600

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