Qadir Corporation,which has only one product,has provided the following data concerning its most recent month of operations:
Required:
a.What is the unit product cost for the month under variable costing?
b.Prepare a contribution format income statement for the month using variable costing.
c.Without preparing an income statement,determine the absorption costing net operating income for the month.(Hint:
Use the reconciliation method.)

Question

Qadir Corporation,which has only one product,has provided the following data concerning its most recent month of operations:
  Required:
a.What is the unit product cost for the month under variable costing?
b.Prepare a contribution format income statement for the month using variable costing.
c.Without preparing an income statement,determine the absorption costing net operating income for the month.(Hint:
 Use the reconciliation method.)

Quizplus · Accepted Answer

The Answer of Qadir Corporation,which has only one product,has provided the following data concerning its most recent month of operations:
  Required:
a.What is the unit product cost for the month under variable costing?
b.Prepare a contribution format income statement for the month using variable costing.
c.Without preparing an income statement,determine the absorption costing net operating income for the month.(Hint:
 Use the reconciliation method.)

Qadir Corporation,which Has Only One Product,has Provided the Following Data