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Variable Cost per Unit (VCPU)= $ 5 per unitFixed Cost per Unit (FCPU): $ 5...

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Accounting

Variable Cost per Unit (VCPU)= $ 5 per unit
Fixed Cost per Unit (FCPU): $ 5 per unit
The company produced 1,000 units and sold 990 units.
1) Compute the fixed manufacturing overhead per unit.
2) Prepare the income statement using the absorption costing system. Ignore Income tax.
3) Prepare the income statement using the variable costing system. Ignore Income tax.
4) Reconciliate the difference in the net income between the two financial statements in question 1.

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