6.5

Nalsh Company manufactures and selis one product. The following information pertains to each of the company's first two years of operations: During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $60 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepere an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1. Complete this question by entering your answers in the tabs below. Assume the company uses variable costing. Compute the unit product cost for Year 1 and Year 2 . a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1 . Complete this question by entering your answers in the tabs below. Assume the company uses variable costing. Prepare an income statement for Year 1 and Year 2. During its first year of operations, Walsh produced 50,000 units and sold 40,000 units During produced 40,000 units and sold 50,000 units. The seling price of the compony's product is $60 Required: 1. Assume the company uses variable costing a. Compute the unit product cost for Year 1 and Year 2 . b. Prepare an income statement for Year 1 and Yoar 2 2. Assume the compony uses absorption costing a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1and Year 2 3, Reconcile the difference between varibble costing and abserption coseng net operating income Complete this question by tintering your answers in the tabs belaw. defirnal flacira During its first year of operations. Walsh produced 50.000 units and sold 40.000 units. During produced 40,000 units and sold 50,000 uniss. The setling price of the company's product is Required: 1. Assume the complny uses variable costing a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for yeyr 7 and Yeor 2. 2. Assume the compony uses absorpeion costing is. Compute the unit product cost for Year 1 and Yey 2 . b. Prepare an income statemert for Year 1 and Yew 2 3. Pecconche the diflerence between varable costing and absopption costing net operating incon Complete this question by entering yoer ancwers in the tabs belowcribulations th 2 decimal placet. ring its first year of operators, Wakh produced 50,000 unies and sold 40,000 unks. During its second y oduced 40,000 units and sold 50,000 unts. The selling price of the compory's product is 360 per une equired: Assume the compary uses variable costing Compute the unil product cost for Yoar 1 and Year 2. Prepare an income statement for Year 1 and Year 2 . 2. Astume the company uses absorption costing h. Compute the unit product cost for Yoar 1 and Year 2. b. Prepare an income statement for Year 1 and Vear 2 . 3. Reconcle the difference between varuble costing and absorpoon costing net operating income in Year 1 Complete this question by entering your anwwers is the tabs below. deductions as a negarive value.)