Please do not give solution in image format thanku Splish Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture adeluxe portable cooking unit. Cost and sales data for the first month of operation are shown below:Beginning inventoryUnits producedUnits soldManufacturing costsFixed overheadVariable overheadDirect labourDirect materialSelling and administrative costsFixedVariable(a)Question 2 of 3(a)<0 units>Manufacturing cost $10,000The portable cooking unit sells for $111.00. Management is interested in the opening month's results and has asked for an incomestatement.8,400$97,200$4.00 per unit$9.00 per unit$26.00 per unit$194,100$3.00 per unit soldAssume the company uses normal-absorption costing and uses the budgeted volume of 13,500 units to allocate the fixedoverhead rate rather than the actual production volume of 10,000 units. The company expenses production volume variance tocost of goods sold in the accounting period in which it occurs. Do the following:1. Calculate the manufacturing cost per unit. (Round manufacturing cost to 2 decimal places, e.g. 15.25.)per unit2. Prepare a normal-absorption-costing income statement for the first month of operation.SplishProductsIncome Statement-Normal-Absorption CostinggFor the first month of operations$

Absorption costing is a costing approach that combines both variable and fixed expenses. The cost of…

Splish Products manufactures and sells a variety of camping products. Recently the compa deluxe portable cooking unit. Cost and sales data for the first month of operation are show Beginning inventory Units produced Units sold Manufacturing costs Fixed overhead 0 units 10,000 8,400 $97,200

Splish Products manufactures and sells a variety of camping products. Recently the compa deluxe portable cooking unit. Cost and sales data for the first month of operation are show Beginning inventory Units produced Units sold Manufacturing costs Fixed overhead 0 units 10,000 8,400 $97,200

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...

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