1. Aodiophonics Limited manudactures wnd sels figh quathy and duable ear boels for wese with
peuscnal electionies that aie nustom mended to each custienter's cat. Cost data kor the product
fotow. The product selis for $60 per urit, Poduction and sales data for May and jure. the feut fwo
monters of operalioms, arq an folcows
Required: 1. Determine the unit product cost under each of the following methods: 2. Prepare
varlable costing income statements for May and June using the contribution approach, (Do not
leave any empty spoces; input a O wherever it is required.)
2. Prepare variable costing income statements for May and June using the contribution
approach.. (Do not leave any empty sp. input a 0 wherever it is required.)
3. Reconcle the variable costing and absorption costing operating income figures. (Loss amounts
should be indicnted with n minus sign.) 4. This part of the question is not part of your Connect
assignment.
Audiophonics timited manufactures and sells high-quality and durable ear buds for use with
personal electronics that are custom moulded to each customer's ear. Cost data for the product
follow: The product sells for $60 per unit. Production and sales data for May and June, the first
two months of operations, are as tollows. Income statements prepared by the Accounting
Department using absorption costing are presented beiow:
Income statements prepared by the Accounting Department using absorption costing are
presented below. Required: 1. Determine the unit product cost under each of the following
methods.
2. Prepare variable costing income statements for May and June using the contribution approach.
(Do not leave any empty spncon: input a0 wherever it is required.)
3. Reconcile the variable costing and absorption costing operating income figures. (Loss amounts
should be indicated with a minus sign.) 4. This part of the question is not part of your Connect
assignment.