1 Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: 3 points Variable cost per Hula Skirt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $ 10.45 4.25 1.40 0.35 03:07:41 Pixed cost per Month Fixed manufacturing overhead Pixed selling and administrative expenses Skipped $19,240 5,800 eBook References Dance Creations charges $34 for each skirt that it sells. During the first month of operation, it made 1,850 skirts and sold 1700. Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a variable costing income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement. 6. Suppose next month Dance Creations expects to produce 1,850 hula skirts and sell 1,950. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. (Round Dance Creations charges $34 for each skirt that it sells. During the first month of operation, it made 1,850 skirts and sold 1,700. Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a variable costing income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement. 6. Suppose next month Dance Creations expects to produce 1,850 hula skirts and sell 1,950. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? 24 d Complete this question by entering your answers in the tabs below. k ces Required 1 Required 2 Required 3 Required 4 Required 6 Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. (Round your answer to 2 decimal places.) Total Variable Manufacturing Cost/Unit $ 16.10 k Rould Required 2 > Saved 1 4. Complete a full absorption costing income statement. 6. Suppose next month Dance Creations expects to produce 1,850 hula skirts and sell 1,950. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? 3 points Complete this question by entering your answers in the tabs below. 8 03:07:08 Required 1 Required 2 Required 3 Required 4 Required 6 Skipped Complete a variable costing income statement for last month. eBook References Dance Creations Contribution Margin Income Statement For the Last Month Sales Revenue $ Cost of Goods Sold Variable Selling Expenses 57,800 27,370 595 Contribution margin Fixed Manufacturing Overhead Selling and Administrative Expenses Net Operating Income 3 points Dance Creations charges $34 for each skirt that it sells. During the first month of operation, it made 1,850 skirts and sold 1700, Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a variable costing income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement 6. Suppose next month Dance Credtions expects to produce 1,850 hula skirts and sell 1,950. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? 2 03:06:57 Skipped Complete this question by entering your answers in the tabs below. oBook References Required 1 Required 2 Required 3 Required 4 Required 6 Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. (Round your intermediate calculations and final answer to 2 decimal places.) Total Absorption Costunit 1 4. Complete a full absorption costing income statement 6. Suppose next month Dance Creations expects to produce 1,850 hula skirts and sell 1,950. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? 3 points Complete this question by entering your answers in the tabs below. 03:06:42 Required 1 Required 2 Required 3 Required 4 Required 6 Skipped Complete a full absorption costing income statement. (Round your intermediate calculations to 2 decimal places.) eBook Dance Creations Full Absorption Income Statement For Last Month References Gross Margin Net Operating Income 1 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement. 6. Suppose next month Dance Creations expects to produce 1,850 hula skirts and sell 1.950. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? pints Complete this question by entering your answers in the tabs below. 8 03:06:26 Skipped Required 1 Required 2 Required 3 Required 4 Required 6 Suppose next month Dance Creations expects to produce 1,850 hula skirts and sell 1,950. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? eBook References Difference in profit Which would be higher?