1 Trio Company reports the following information for the current year, which is its first year of operations. 1111 points 11 per unit 18 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units Z per unit 90,000 per year 22,5e3 units 16,500 units 6, ese units eBook Hint 1. Compute the product cost per unit using absorption costing. Cost per unit of finished goods using Absorption costing Print References Cost per unit of finished goods 2. Determine the cost of ending finished goods inventory using absorption costing Cost per unit of finished goods using Absorption costing Number of units in finished goods Total cost of finished goods inventory 3. Determine the cost of goods sold using absorption costing Cost per unit of goods sold using Absorption costing Number of units in sold goods Total cost of sold goods 2 Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing (Round Intermediate calculations and final answers to two decimal places.) 111 points $ 13.50 per unit $ 14.5e per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units eBook $ 9.50 per unit $ 340,000 per year 28.1ee units 21,500 units 6,600 units Hart 1. Compute the product cost per unit using variable costing Cost per unit of finished goods using: Variable costing Print References Cost per unit of finished goods 2. Determine the cost of ending finished goods inventory using variable costing Cost per unit of finished goods using Variable costing Number of units in finished goods Total cost of finished goods inventory 2. Determine the cost of goods sold using variable costing Cost per unit of goods sold using Variable costing Number of units in sold goods Total cost of sold goods 3 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows 11.11 points 48 per unit 60 per unit 500k Manufacturing costs Direct materials Direct labor Overhead costs Variable Fixed Selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Units sold Sales price per unit $ 2e per unit 38,800,000 (per year) $750,000 $4,500, Hint 110,00 units 80,000 units 360 per unit $ Print 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing References Complete this question by entering your answers in the tabs below. Required Required 2 Prepare an income statement for the year using variable costing. SIMS COMPANY Variable Costing Income Statement Malines) Required 2 > m. variable Sims Company, a manufacturer of tablet computers, began operations on January 1 2019. Its cost and sales information for this year follows. 11.11 pointa Manufacturing costs Direct materials te per unit Direct labor 6 per unit Overhead costs Variable $ 20 per unit OOR and administrative costs for the year 38,100,000 (per year) Fixed $750,000 Production and sales for the year $4,500,000 Hint Units produced Units sold 110,000 units se, units Sales price per unit 5 360 per unit Fred 1 10 PE 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. Drences Complete this question by entering your answers in the tabs below. Required: Required Prepare an income statement for the year using absorption costing SIMS COMPANY Absorption Costing Income Statement Net income (0) 4 Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1000 kayaks and sold 750 at a price of $1,000 each. At this first year and the company reported the following income statement information using absorption costing 1111 points Sales (750 - $1,000) Cost of goods sold (950 $450) Gross margin Selling and administrative expenses Net Income $750,000 337,500 412,50 240,00 $ 172,50 ebook ME Additional Information . a. Product cost per kayak totals $450, which consists of $350 in variable production cost and $100 in fixed production cost-the latter amount is based on $100,000 of fixed production costs allocated to the 1000 kayaks produced b. The $240.000 in seling and administrative expense consists of $85.000 that is variable and $155.000 that is fixed Required: 1. Prepare an income statement for the current year under variable costing 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Required Regula Fill in the blanks The dollar dfference in variable costing income and absorption costing income units foed overhead perunt 5 Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statement under absorption costing for external reporting. For its first month of operations, 400 bikes were produced and 240 were sold this left 160 bikes in ending Inventory. The income statement information under variable costing follows: 1111 points Sales (240 $1,800) Variable product cost (240 5825) Variable selling and administrative expenses (240 - $50) Contribution margin Fixed overhead cost Fixed selling and administrative expense Net Income $ 432,000 150.000 12.000 270,000 72,000 00.000 $ 108, ebook Here 1. Prepare this company's income statement for its first month of operations under absorption costing 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Rotorences Required: Required 2 Fill in the blanks The dotar difference in variable costing income and absorption costing income fed overhead per unit.