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 9.90 3.70 1.35 0.75 eBook References Fixed Cost per Month Fixed manufacturing overhead Fixed selling and administrative expenses $17,440 5,250 Dance Creations charges $32 for each skirt that it sells. During the first month of operation, it made 1,600 skirts and sold 1,480. 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 1,600 hula skirts and sell 1,700. 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 Dance Creations charges $32 for each skirt that it sells. During the first month of operation, it made 1,600 skirts and sold 1,480. 3 points 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 1,600 hula skirts and sell 1,700. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? eBook References 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 your answer to 2 decimal places.) Total Variable Manufacturing Cost/Unit 1 Complete this question by entering your answers in the tabs below. 3 points Required 1 Required 2 Required 3 Required 4 Required 6 Complete a variable costing income statement for last month. eBook References Dance Creations Contribution Margin Income Statement For the Last Month Contribution margin Net Operating Income Required 1 Required 3 Dance Creations charges $32 for each skirt that it sells. During the first month of operation, it made 1,600 skirts and sold 1,480. 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 1,600 hula skirts and sell 1,700. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Book erences 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 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 Cost/Unit 1 7. LUPICE U U UwJUI PLUIT CUSHY MICUITE SLOLCHICIIL. 6. Suppose next month Dance Creations expects to produce 1,600 hula skirts and sell 1,700. 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. 3 points Required 1 Required 2 Required 3 Required 4 Required 6 eBook References Complete a full absorption costing income statement. (Round your intermediate calculations to 2 decimal places.) Dance Creations Full Absorption Income Statement For Last Month 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 1,600 hula skirts and sell 1,700. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? ts Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Required 4 Required 6 ferences Suppose next month Dance Creations expects to produce 1,600 hula skirts and sell 1,700. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Difference in profit Which would be higher? (Required 4 Required