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Q1) XYZ Corp. produces video games which it sells for $36 each.  Data available for months of October and November is given below.

 

October

November

Sales

1,600 units

3,000 units

Production

2,800 units

2,800 units

Variables manufacturing cost per game

$13

$13

Sales commission per game

$6

$6

Total fixed manufacturing overhead

$8,400

$8,400

Total fixed marketing and administrative costs

$7,500

$7,500

Variables manufacturing cost program includes $7 for direct material.

a ) Find out unit product cost for each month by using absorption, variable and throughput costing approaches.

b)  Make the income statement for November by using variable costing approach.

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  • Reference No.:- M916877

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