1. Complete the following: a. Compute the unit product cost under absorption costing, b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 31,500 units but sold 34,500 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter, Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 1c Reg Reg 3B Reg 30 Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places.) Unit product cost $ 23.30 Req 1A Req 1B Req 1C Req Req 3B Re What is the company's absorption costing net operating income (loss) for the to 2 decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Total Sales $ 1,140,000 Cost of goods sold 664,050 Gross margin 475,950 Selling and administrative expenses 463,950 $ Net operating income (loss) 12,000 1. Complete the following: a. Compute the unit product cost under absorption costing, b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 31,500 units but sold 34,500 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter, Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 1c Reg Reg 3B Reg 30 Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places.) Unit product cost $ 23.30 Req 1A Req 1B Req 1C Req Req 3B Re What is the company's absorption costing net operating income (loss) for the to 2 decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Total Sales $ 1,140,000 Cost of goods sold 664,050 Gross margin 475,950 Selling and administrative expenses 463,950 $ Net operating income (loss) 12,000
