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Problem 8.30A -b Alta Products Ltd. has just created a new division to manufacture and DVD players. The faciliti m ated and the schedule of budgeted monthly costs. This schedule was prepared based on an expected monthly production wome2,000 money , the owing Study Manufacturing costs Variable costs per unit Direct materials Direct labour Variable overhead Total wed overhead Selling and administrative costs Variable 72,500 147,300 During August 2010, the following activity was recorded Units produced Units sold Selling price per unit 2.000 1,660 . The Assume the company uses normal costing and uses the budgeted volume of 2,500 units to allocate the feed overhead rate rather than the actual production volume of 2,000 company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the manufacturing cost per unit. Manufacturing costs per unit 2. Prepare a normal costing income statement for the month ended August 31, 2020 ALTA PRODUCTS LTD. Income Statement - Normal Casting STANDARD VIEW PRINTER VERSION Assume the company uses normal costing and uses the budgeted volume of 2,500 units to allocate the fixed overnead rate rather than the actual production volume of company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the manufacturing cost per unit. Manufacturing cost per unit 2. Prepare a normal-costing income statement for the month ended August 31, 2020. ALTA PRODUCTS LTD. Income Statement-Normal Costing ting methods. (Round per unit calculations to 2 decimal places, e.g. 1 Reconcile the difference in net income between the absorption-costing and normal-costing methods. (Round per unit calculations to 2 decimal places, e.g answers to o decimal places, e.g. 125.) Normal-costing net income Additional fixed MOH deferred in ending Inventory Absorption-costing net income Question Attempts: 0 of 2 used SAVE

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