3 $ 30 per unit 5e per unit 2 points 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 $ 4 per unit 56,300,000 per year) $ 775,000 $4,750,000 ebook 185, Bee units 75,90 units 368 per unit $ Hint 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing . 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 Sales Loss Cost of goods sold Variable overhead costs Contribution margin Less: Variable costs Fixed overhead costs Fixed selling and administrative costs Net income doss) MC 3 30 per unit 50 per unit 2 points 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 5 48 per unit $6,300,eee (per year) $ 775,000 $4,750, eee ebook 105,000 units 75,000 units 360 per unit Hint 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing 1 o o Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using absorption costing, SIMS COMPANY Absorption Costing Income Statement Net income foss) MC Graw HII 4 Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1,050 kayaks and sold 800 at a price of $1,050 each. At this first year-end, the company reported the following income statement information using absorption costing 2 points Sales (800 $1,050) Cost of goods sold (800 $450) Gross margin Selling and administrative expenses Net Income $ 340,000 360, eee 480,00 250.000 $ 230,000 tool 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 $105.000 of fixed production costs allocated to the 1050 kayaks produced b. The $250,000 in selling and administrative expense consists of $95,000 that is variable and $155.000 that is fixed menes 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: Required 2 Prepare an income statement for the current year under variable costing. KENZI KAYAKING Variable Costing Income Statement MC Graw HUI & Proy 4 112 6 Chapter 6 Homework Sied 4 Additional Information a. Product cost per kayak totals $450, which consists of $350 in variable production cost and $100 in fixed production cost-the amount is based on $105,000 of fixed production costs allocated to the 1.050 kayaks produced. b. The $250,000 in selling and administrative expense consists of $95,000 that is variable and $155,000 that is fixed 2 points Required: 1. Prepare an income statement for the current year under variable costing. 2. Fill in the blanks Book Complete this question by entering your answers in the tabs below. Hint Paint Required 1 Required 2 Prepare an income statement for the current year under variable costing KENZI KAYAKING Variable Conting Income Statement References Not income (0) Fixed costs added to inventory Required 2 > 4 Kenzi Kayaking a manufacturer of kayaks, began operations this year During this first year, the company produced 1.050 kayaks and sold 800 at a price of $1050 each. At this first year-end, the company reported the following income statement information using absorption costing 2 points Sales (800 51.050) Cost of goods sold (100 $450) Gross margin Selling and ministrative expenses Net Income $ 140,000 360,000 400.000 250,000 $ 230,000 ook Mert Additional Information a. Product cost per kayak totals $450, which consists of $350 in variable production cost and $100 in fed production cost-the latter amount is based on $105.000 of fored production costs allocated to the 1,050 Kayaks produced b. The $250,000 in celing and administrative expense consists of $95,000 that is variable and $155.000 that is foed Prire 0 Required: 1. Prepare an income statement for the current year under variable costing 2. Fill in the blanks Complete this question by entering your wwwers in the tabs below. Required Required 2 Fill in the blanks: un ad perint The color diference in variable colting income and at torption coating income Mc Graw HI 5 Rey Company's single product sells at a price of $218 per unit. Data for its single product for its first year of operations follow, 2 points $ 22 per unit 30 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold $ per unit $ 220,000 per year ebook 3 20 per unit $ 200,000 per year 22, see units Hint 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing Print Complete this question by entering your answers in the tabs below. Marcos Required: Required Prepare an income statement for the year using variable costing, REY COMPANY Variable Costing Income Statement Not income (loss) 6 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, 425 bikes were produced and 255 were sold, this left 170 bikes in ending inventory. The income statement information under variable costing follows 2 points Sales (255 $1,725) Variable product cost (2555650) Variable selling and administrative expenses (255 $55) Contribution margin Fixed overhead cost Fixed selling and administrative expense Net income $ 429,75 265,750 14,025 260, see 68,000 85.000 $ 107,100 look 1. Prepare this company's income statement for its first month of operations under absorption costing 2. Fill in the blanks TU Complete this question by entering your answers in the tabs below. Hes Required 1 Required 2 Prepare an income statement for the current year under absorption costing KENZI KAYAKING Absorption Costing Income Statement Not income Mc 6 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, 425 bikes were produced and 255 were sold, this left 170 bikes in ending inventory. The income statement information under variable costing follows 2 points Sales (255 - $1,725) Variable product cost (2555650) Variable selling and administrative expenses (255 - $55) Contribution margin Fixed overhead cost Fixed selling and administrative expense Net Income $ 439,875 365,750 14,025 260,100 68,000 35,00 $ 107,100 1. Prepare this company's income statement for its first month of operations under absorption costing 2. Fill in the blanks Price Complete this question by entering your answers in the tabs below. Reference Required 1 Required 2 Fill in the blanks: unit The dollar illorence in variable contra income and absorption conting income 4 Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1,050 kayaks and sold 800 at a price of $1,050 each. At this first year-end, the company reported the following income statement information using absorption costing 2 points Sales (800 $1,050) Cost of goods sold (800 $450) Gross margin Selling and administrative expenses Net Income $ 340,000 360, eee 480,00 250.000 $ 230,000 tool 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 $105.000 of fixed production costs allocated to the 1050 kayaks produced b. The $250,000 in selling and administrative expense consists of $95,000 that is variable and $155.000 that is fixed menes 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: Required 2 Prepare an income statement for the current year under variable costing. KENZI KAYAKING Variable Costing Income Statement MC Graw HUI & Proy 4 112 6 Chapter 6 Homework Sied 4 Additional Information a. Product cost per kayak totals $450, which consists of $350 in variable production cost and $100 in fixed production cost-the amount is based on $105,000 of fixed production costs allocated to the 1.050 kayaks produced. b. The $250,000 in selling and administrative expense consists of $95,000 that is variable and $155,000 that is fixed 2 points Required: 1. Prepare an income statement for the current year under variable costing. 2. Fill in the blanks Book Complete this question by entering your answers in the tabs below. Hint Paint Required 1 Required 2 Prepare an income statement for the current year under variable costing KENZI KAYAKING Variable Conting Income Statement References Not income (0) Fixed costs added to inventory Required 2 > 4 Kenzi Kayaking a manufacturer of kayaks, began operations this year During this first year, the company produced 1.050 kayaks and sold 800 at a price of $1050 each. At this first year-end, the company reported the following income statement information using absorption costing 2 points Sales (800 51.050) Cost of goods sold (100 $450) Gross margin Selling and ministrative expenses Net Income $ 140,000 360,000 400.000 250,000 $ 230,000 ook Mert Additional Information a. Product cost per kayak totals $450, which consists of $350 in variable production cost and $100 in fed production cost-the latter amount is based on $105.000 of fored production costs allocated to the 1,050 Kayaks produced b. The $250,000 in celing and administrative expense consists of $95,000 that is variable and $155.000 that is foed Prire 0 Required: 1. Prepare an income statement for the current year under variable costing 2. Fill in the blanks Complete this question by entering your wwwers in the tabs below. Required Required 2 Fill in the blanks: un ad perint The color diference in variable colting income and at torption coating income Mc Graw HI 5 Rey Company's single product sells at a price of $218 per unit. Data for its single product for its first year of operations follow, 2 points $ 22 per unit 30 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold $ per unit $ 220,000 per year ebook 3 20 per unit $ 200,000 per year 22, see units Hint 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing Print Complete this question by entering your answers in the tabs below. Marcos Required: Required Prepare an income statement for the year using variable costing, REY COMPANY Variable Costing Income Statement Not income (loss) 6 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, 425 bikes were produced and 255 were sold, this left 170 bikes in ending inventory. The income statement information under variable costing follows 2 points Sales (255 $1,725) Variable product cost (2555650) Variable selling and administrative expenses (255 $55) Contribution margin Fixed overhead cost Fixed selling and administrative expense Net income $ 429,75 265,750 14,025 260, see 68,000 85.000 $ 107,100 look 1. Prepare this company's income statement for its first month of operations under absorption costing 2. Fill in the blanks TU Complete this question by entering your answers in the tabs below. Hes Required 1 Required 2 Prepare an income statement for the current year under absorption costing KENZI KAYAKING Absorption Costing Income Statement Not income Mc 6 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, 425 bikes were produced and 255 were sold, this left 170 bikes in ending inventory. The income statement information under variable costing follows 2 points Sales (255 - $1,725) Variable product cost (2555650) Variable selling and administrative expenses (255 - $55) Contribution margin Fixed overhead cost Fixed selling and administrative expense Net Income $ 439,875 365,750 14,025 260,100 68,000 35,00 $ 107,100 1. Prepare this company's income statement for its first month of operations under absorption costing 2. Fill in the blanks Price Complete this question by entering your answers in the tabs below. Reference Required 1 Required 2 Fill in the blanks: unit The dollar illorence in variable contra income and absorption conting income