8 White Water Rafting Company manufactures kayaks, which sell for $565 each The variable costs of production (per unit) are as follows: Direct Material $195 Direct labor 110 Variable manufacturing overhead 7o Budgeted xed overhead in 20x1 was $440,000 and budgeted production was 44,000 kayakst The year's actual production was 44,000 units, of which 37,000 were sold. Variable selling and administrative costs were $6 per unit sold; fixed selling and administrative costs were $90,000 Required: A. Calculate the product cost per kayak under (a) absorption costing and (b) variable costingt 8. Prepare operating income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating income under the two methods using the shortcut method, Complete this question by entering your answers in the tabs below. Req A E Req Bl Req 52 Req C Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. (3) Absorption costing (b) Variable costing Req B1 > White Water Rafting Company manufactures kayaks, which sell for $565 each. The variable costs of production (per unit) are as follows: Direct Material $195 Direct labor 110 Variable manufacturing overhead 70 Budgeted xed overhead in 20x1 was $440,000 and budgeted production was 44,000 kayakst The year's actual production was 44,000 units, of which 37,000 were sold. Variable selling and administrative costs were $6 per unit sold; fixed selling and administrative costs were $90,000 Required: A. Calculate the product cost per kayak under (3) absorption costing and (b) variable costing. 8. Prepare operating income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating income under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Req A i Req Bl E Req 52 Req C Prepare operating income statement for the year using absorption costing. White Water Rafting Company manufactures kayaks, which sell for $565 each. The variable costs of production (per unit) are as follows: Direct Material $195 Direct labor 110 Variable manufacturing overhead 70 Budgeted xed overhead in 20x1 was $440,000 and budgeted production was 44,000 kayakst The year's actual production was 44,000 units, of which 37,000 were sold. Variable selling and administrative costs were $6 per unit sold; fixed selling and administrative costs were $90,000 Required: A. Calculate the product cost per kayak under (3) absorption costing and (b) variable costing. 8. Prepare operating income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating income under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Req A Req Bl Req 52 Req C Prepare operating income statement for the year using variable costing. 8 White Water Rafting Company manufactures kayaks, which sell for $565 each The variable costs of production (per unit) are as follows: Direct Material $195 Direct labor 110 Variable manufacturing overhead 7o Budgeted xed overhead in 20x1 was $440,000 and budgeted production was 44,000 kayaks The year's actual production was 44,000 units, of which 37,000 were sold. Variable selling and administrative costs were $6 per unit sold; fixed selling and administrative costs were $90,000 Required: A. Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. 8. Prepare operating income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating income under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Req A Req Bl Req 52 Req C Reconcile reported operating income under the two methods using the shortcut method. predetermined absorptio 05 9 income xed overhead minus v osting rate Change in inventory (in units) unit increase