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6) You have been hired by TAASKS Inc. as Cosi Accouniani. TAASKS's CFO wanis you to report the following data in three different ways in
6) You have been hired by TAASKS Inc. as Cosi Accouniani. TAASKS's CFO wanis you to report the following data in three different ways in Income statements for different audiences and purposes. TAASKS Inc. Production, Inventory, Revenue and Cost Data 2017 2018 2019 Planned & Actual Production (Units) 40000 40000 40000 Finished Goods Inventory, Jan 01 0 0 10000 Finished Goods Inventory, Dec 31 0 10000 0 Sales 40000 30000 50000 Price/Unit $20 $20 $20 Direct Material/Unit $5 $5 $5 Direct Labor/Unit $3.5 $3.5 $3.5 Variable Manufacturing Overhead/Unit $1.75 $1.75 $1.75 Variable Selling & Admin Cost/Unit $1.75 $1.75 $1.75 Fixed Manufacturing Overhead $250000 $250000 S250000 Fixed Selling & Admin Cost $40000 $40000 $40000 Make income statements for TAASKS in following formats: a) Absorption Costing b) Variable Costing c) Throughput Costing
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