For YourBusinessTutor” PLEASE COMPLETE (B AND D)

(B) Prepare a variable costing income statement for 2012.

(C) Assuming the company uses absorption costing, calculate Polk’s manufacturing cost per unit for 2012.(Round answer to 2 decimal places.

(D)Prepare an absorption costing income statement for 2012.

Variable Cost per Unit

Direct materials

$7.80

Direct labor

$2.55

Variable manufacturing overhead

$5.98

Variable selling and administrative expenses

$4.06

Fixed Costs per Year

Fixed manufacturing overhead

$245,692

Fixed selling and administrative expenses

$249,704