Boylston Corporation has provided the following data for its two most recent years of operation. The company makes a product that it sells for $ per unit. It began Year with no units in beginning inventory.
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials $
Direct labor $
Variable manufacturing overhead $
Fixed manufacturing overhead per year $
Selling and administrative expenses:
Variable selling and administrative expense per unit sold $
Fixed selling and administrative expense per year $
Year Year
Units produced during the year
Units sold during the year
Units in ending inventory
Required: points
a Assume the company uses absorption costing. Compute the unit product cost in each year. points
b Assume the company uses variable costing. Compute the unit product cost in each year. points
c Assume the company uses absorption costing. Prepare an income statement for each year. points
d Assume the company uses variable costing. Prepare an income statement for each year. points
