Apple Company, which has only one product, has provided the…
Apple Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $142 Units in beginning inventory 0 Units produced 2,500 Units sold 2,300 Units in ending inventory 200 Variable costs per unit: Direct materials $22 Direct labor $57 Variable manufacturing overhead $1 Variable selling and administrative $6 Fixed costs: Fixed manufacturing overhead $82,500 Fixed selling and administrative $41,400 What is the total period cost for the month under the variable costing approach? What is the total period cost for the month under the absorption costing approach? What is the net operating income for the month under variable costing? What is the net operating income for the month under absorption costing?
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