Beginning inventory0 Units produced49,000
Units sold44,000
Selling price per unit$81
Selling and administrative expenses:
Variable per unit$2
Fixed (total)$562,000
Manufacturing costs:
Direct materials cost per unit$18
Direct labor cost per unit$9
Variable manufacturing overhead cost per unit$4
Fixed manufacturing overhead cost (total)$980,000

Requirement 1:
Assume that the company uses absorption costing.
(a)Determine the unit product cost. (Omit the "$" sign in your response.)
Unit product cost$
(b)
Prepare an income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.)

(Click to select)Cost of goods manufacturedBeginning inventoryEnding inventoryGoods available for saleSales$
(Click to select)SalesEnding inventoryBeginning inventoryGoods available for saleCost of goods sold

(Click to select)Gross lossGross profit
(Click to select)SalesEnding inventoryGoods available for saleSelling and administrative expensesCost of goods manufactured
(Click to select)Net operating lossNet operating income
$

a) The unit product cost under absorption costing is $51.

b) Income Statement for May:

Sales Revenue           $3,564,000

Cost of goods sold      2,244,000

Gross profit                $1,320,000

Selling and admin.

expenses                      650,000

Net operating income $670,000

Explanation:

a) Data and Calculations:

Beginning inventory 0

Units produced  49,000

Units sold           44,000

Ending inventory 5,000

Selling price per unit $81

Selling and administrative expenses:

Variable per unit $2

Fixed (total) $562,000

Manufacturing costs:

Direct materials cost per unit $18

Direct labor cost per unit         $9

Variable manufacturing

 overhead cost per unit          $4

Total direct costs per unit     $31

Fixed manufacturing overhead cost (total) $980,000

Unit product cost under absorption costing:

Manufacturing costs:

Direct materials cost per unit $18

Direct labor cost per unit         $9

Variable manufacturing

 overhead cost per unit          $4

Total direct costs per unit     $31

Fixed manufacturing

overhead cost (total)           $20 ($980,000/49,000)

Total unit product cost =      $51

Cost of goods manufactured = $2,499,000 ($51 * 49,000)

Cost of goods sold = $2,244,000 ($51 * 44,000)

Selling and administrative expenses = $650,000 ($2 * 44,000 + 562,000)

idk

explanation:

bc why nah

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.