Blue Mountain Products manufactures and sells a variety of camping goods. Recently, the company opened...
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Blue Mountain Products manufactures and sells a variety of camping goods. Recently, the company opened a new plant to manufacture a lightweight, self-standing tent. Cost and sales data for the first month of operations (June 2020) are as follows: Manufacturing costs Fixed overhead Variable overhead Direct labour Direct material Beginning inventory Tents produced Tents sold Selling and administrative costs Fixed Variable $ 205,020 $3.50 per tent $15.60 per tent $41.20 per tent O tents 10,200 9,200 $395,900 $5.40 per tent sold The tent sells for $149. Management is interested in the opening month's results and has asked for an income statement. * Question 32 Assuming the company uses absorption costing: 1. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 25.75.) Manufacturing cost per unit 2. Prepare an absorption-costing income statement for the month of June 2020. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to o decimal places, e.g. 125.) BLUE MOUNTAIN PRODUCTS Income Statement-Absorption Costing Attempts: 0 of 1 used
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