Abdol Company, which has only one product, has provided the following data concerning its most recent month of operations:
- Selling Price :$86
- Units in beginning Inventory: $0
- Units Produced:$6600
- Units sold:$6500
- Units in ending Inventory:$100
- Variable Costs Per Unit:
- Direct Materials:$22
- Direct Labor:$12
- Variable Manufactoring Overhead:$4
- Variable Selling and Administrative:$6
- Fixed Costs:
- Fixed manufactoring Overhead:$231,000
- Fixed Selling and administrative:$32,500
- What is the unit product cost for the month under variable costing?
- What is the unit product cost for the month under absorption costing?
- What is the net operating income for the month under variable costing?