19-11, 2

Diaz Company reports the following variable costing income statement for its single product. This company's sates totaled 43,000 units, but its production was 73.000 units. It had no beginning finished goods inventory for the current period DIAZ COMPANY Income Statement (Variable Costing) Sales (43,000 units * $53.00 per unit) $2,279,000 Variable expenses Variable manufacturing expense (43,000 units * $27.30 per unit) 1,173,900 Variable selling and admin. expense (43,000 units * $4.30 per unit) 184,900 Total variable expenses 1,358,800 Contribution margin 920,200 Fixed expenses Fixed overhead 240,900 Fixed selling and administrative expense 120,450 Total fixed expenses 361,350 Net income $558,850 1. Convert Diaz's variable costing income statement to an absorption costing income statement 2. Fill in the blanks 1. Conver Diaz's variable costing income statement to an absorption costing income statement 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the blanks: (Round the foed overhead per unit to two decirral places) Boxed Overhead per un The dollar difference in matte conting income and absorption costing income Required 1 1. Convert Diaz's variable costing income statement to an absorption costing income statement 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Required 1 Required 2 Convert Diaz's variable costing income statement to an absorption costing income statement DIAZ COMPANY Absorption Costing Income Statement Selling general and administrative expenses Net income (loss)