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ReVitalAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $29, variable costs were $12 per case ($9 manufacturing and $3 selling and administrative), and total fixed costs were $100,000 ($91,000 manufacturing overhead and $9,000 selling and administrative). The company had no beginning Finished Goods Inventory. The company had the following results using variable costing: (Click the icon to view the data using variable costing.) Read the requirements Reference Requirement 1. Prepare the Apri income statement using absorption costing. ReVitalAde Income Statement (Absorption Costing) Month Ended April 30, 2018 Variable Costing $ 9.00 Net Sales Revenue $ 348,000 Total product cost per unit Cost of Finished Goods Inventory as of April 30, 2018 $ 9,000 Cost of Goods Sold: Variable Cost of Goods Sold $ 108,000 Fixed Cost of Goods Sold 84,000 192,000 Gross Profit 156,000 Print Done - Selling and Administrative Costs: Variable Selling and Administrative Costs 36,000 Fixed Selling and Administrative Costs 9,000 45,000 $ 111,000 Operating Income 1. Prepare the April income statement using absorption costing. 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. 3. Is the April 30 balance in Finished Goods Inventory higher or lower than variable costing? Explain why. Requirement 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. The cost per unit is and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30 is Help me solve this Demodocs example Get more help Print Done Check answe

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