a Company produces and sells one product. The following data refer to the first year just completed: Beginning inventory. Units produced. Units sold... Sales Price per unit... Selling and administrative expenses: Variable per unit..... Fixed (total)...ngen Manufacturing costs: Direct materials cost per unit.. Direct labor costs per unit... Variable manufacturing overhead cost per unit Fixed manufacturing overhead (total) Units sold 0-25,000 2,000 = 10,000 single unit .000 0 30,000 25,000 30 50 40 A. Compute the product cost of a single unit under the absorption costing and variable costing. som chc Abs DC 200 $20 $150,000 $50 $30 $40 $300,000 DM VOH FOH 300,000, 300,120.25000 30000 250,100 Wed B. Prepare an income statement for the year using absorption costing. C. Prepare a contribution format income statement for the year using variable costing. D. Why is there a difference between the net operating income from absorption costing and variable costing?

Problem 4: (14 points) The Igor Company produces and sells one product. The following data refer to the first year just completed: Beginning invents Units produced Units sold... Sales Price per unit. Selling and administrative expenses: Variable per unit Fixed (total). Manufacturing costs: Direet materials cost per unit .... Direct labor costs per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead (total) 030,00025,000 200 $20$150,000 $50 $30 $40 $300,000 A. Compute the product cost of a single unit under the absorption costing and variable costing. B. Prepare an income statement for the year using absorption costing. C. Prepare a contribution format income statement for the year using variable costing. D. Why is there a difference between the net operating income from absorption costing and variable costing