pls solve 2 Waterloo Storage Products makes a four-drawer plastic...
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pls solve 2
Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshop cabinet sells for $49. Data for last year's operations follow: 0 21,400 19,700 1,700 $ Units in beginning inventory Units produced Units sold Units in ending Inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs 13 5 7 36 $ $ 84,000 119.000 $203,000 Required: 1. Assume that the company uses variable costing. Compute the unit product cost for one storage cabinet Unit product cost $ 2. Assume that the company uses variable costing. Prepare a contribution format income statement for the year. (Do empty spaces; input a 0 wherever it is required.) $ Variable Costing Income Statement Sales Variable expenses: Variable cost of goods sold: Cost of goods sold 965,300 0 0 0 Fixed expenses 965,300 0 965,300 $
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