Advanced Company reports the following costing data on its product line for its first year of operations. During this fest year, the company produced 25,000 faster and sold 15.000 units at a price of $50 Production costs $9 Direct material per unit Direct labor per unit 311 Variable overhead per unit 33 Fred overhead for the year $137.500 Selline and ministrative costs Valable sing and administrive to per unit 55 Hising and writivo Der $125.000 Determine is product cost under absorption costing Specify to 2 decimal pts. Idollars and conti Advanced Company reports the following costing data on its product line for its first year of operations. During this first yow the corrany produced 25.000 toasters and sold 15.000 units at a price of $50 Production.costs Direct materials per unit 39 Direct labor por un $11 Villable overhead per unit $3 Tired overhead for the year $137.500 Senandaministrative costs Variable selling and administrative cost per unit 55 Find selling and administrative cost per $125.000 Determine sunt product cost under variable costing Specify to decals and cents Advanced Company ceports the following contine data on its product line for its first year of operations. During this first year, the company produced 25.000 fouten and sold 15.000 units at price of $50 Production costs Cirect materials perunt 59 Direct obor per unit 511 Variable overhead per unit 53 The overhead for the year $137.500 Sallid administrative costs Variable selling and administrative cost per una 35 5125.000 You are now and income statement for the year of March 31, 20% undersion contine What do y report for Sales Specifyin dollars fro decimales et Advanced Company reports the following costing dition is product line for its fast year of operations. During this first year, the company produced 25.000 houden and sold 15.000 units at a price of $50 Production costs Direct materials perut 59 Direct labor per unit 511 Virole overhead perut Food overhed for the $137.500 Scandal costa Variable selling and drive cost perut 15 $125.000 You are now preparing is income statement for the yedd March 31, 20tion costing What do you report for Costot Goods Sold! Specifyin dotas no desert Advanced Corpomports the following costine data on its product line for its first par of operation. During this first year, the company ceoduced 25.000 toster and sold 15.000 units at a price of $50 Production.coats Direct materials perut 59 Direct labor per unit $11 Variable overhead er unit 53 Fixed overhead for the you 5137,500 Selling and administratives Variable selling and administrative cost per unit 35 Flied selling sed administrative cont per you $125.000 You are now preparing is income statement for the year ended March 31, 20x1 under absorption costine What do you report for Gross Margie? Specify in dollars Ina decinales o cents Adance Company reports the following con data on its product line for instancation. During the first year como ind sold 15.000 unitat price 59 Dect matt 111 Direct We verhead vehette $937.500 Seid de costa 55 Weling and administrative content Findeling and administrative cost per year $125.000 You are now preparing is income statement for the yow ended March 31, 20% underortion costine What do you report for Selling and Administrative Especifyin dollars no decimal places or cent Advanced Company reports the following costing data on its product line for its first year of operations. During this the comparaced 25.000 tours and sold 15.000 units at a price of $50 Products Direct materials per unit $ Dec labor per unit $11 Vruble overhead per unit 13 Fred Overhead for the year $137.500 Selle and drive.com 35 Vabile selling and administrative cont permit Pred selling and dative cost per wear $125,000 You me now preparing its income statement for the year ended March 31, 201 under horntion costing What do you report for it income? Specily in dollarsino decimal places or cent Advanced Company reports the following costing data on its product line for its first year of operation. During this first year, the company produced 25.000 toate od 15.000 unit a price of $50 Production costs Direct materials per unit $9 w Orect labore $11 Varable overhead perut $3 Fixed overhead for the year $137.500 Selling and administrative costs Voetable selling and administrative cost per unit 55 Foed selling and administrative cost per year $125.000 You are now preparing its income statement for the year ended March 31, 20xt under variable costine What do you report for Sales Specifyin dollars no decimal places or cents Advanced Corony reports the following costrg data on its product line for its first year of operations. During this fast year, the company produced 25.000 toutes and sold 15.000 units at a price of $50 Paduction Direct meals perust 59 Director per unit $11 $3 Varble overhead per unit Fixed Overhead for the year $137.500 55 Selandadnicistate.com Variable selling and administrative cont per unit Fived selling and actorinistrative cost per yes $125.000 You are now preparing its income statement for the year ended ded March 31, 20%t under variabile contine. What do you report for Variable Production Cont? Specify in dollars to decimal places or cent Advanced Company reports the following costing data on its product line for its first year of operations. During this first year, the company produced 25.000 toasters and sold 15.000 units price of $50 Production costs Diect materials per unit $9 $11 Direct labor per unit $3 Variable overhead per unit Fived overhead for the year $137.500 Selling and administrative costs Variable selling and administrative cost per unit $5 Fixed selling and administrative cost per year $125.000 You are now preparing its income statement for the year ended March 31, 20X1 under variable.costine What do you report for Variable Selling & Admin Expenses? Specify in dollars (no decimal places or cents Advanced Company reports the following costing data on its product line for its first year of operations. During this first year, the company produced 25.000 toasters and sold 15.000 units at a price of $50. Production.com Direct materials per unit $9 Direct labor per unit 53 Variable overhead per unit Find overhead for the year 5137.500 Selling and administrative costs Variable selling and administrative cost per unit 55 Fixed selling and administrative cost per year $125.000 You are now preparing its income statement for the year ended March 31, 20X1 under variable costlog What do you report for Contribution Martin? Speclty in dollars (no decimal places or cents Advanced Contesports the following conting data on its product line for its first year of certos During this strear, the company od 25.000 Od 15.000 units at a price of $50 Production.com Direct material per unit 59 Director per unit $11 Variable overhead per unit 33 Fred overhead for the year 5137500 Selontand admire.co Vitable selling and administrative cont peront 55 Flised selling and administrative cost per you $125,000 You are now preparing its Income statement for the year ended March 31, 2041 under variable costie What do you report for Fixed Overhead Cost Soudly in dollars fno decimal places or cents) Advanced Company following data on the riduct line for its first year of operation. During this festyeat the company produced 25.000 und 15.000 550 Production conti 59 Direct male per Direct Labor per une Variable overheden Fond overhead for the $137.500 Silindistaticos 35 Variable selling and administrative costerunit Fonds and administrative cost per a $125.000 You are now preparing its income statement for the year ended March 31, 20x1 under valable costing What do you report forbed Selling and Admin Exper? Specify in dolarino decimal places or cents Advanced Company reports the lowing costing data on product te for its first year of operations. During this first year, the company produced 95.000 and sold 15.000 unitat a price of $50 Didaction Direct material per at Direct tabe per Variable Overta per unit $11 Find over for me ye $137.500 Selcand administratit.cat Variable and administrative content 55 Poved selling and strihuiveco pero $125.000 You are now preparing its income statement for the year ended March 31, 201 under variable costine What do you report for Net Income Specify in dollars in decimal places or cons Advanced Company reports the following couting data on its product line for its first year of operation. During this is yet the color route 25,000 to auf od 15,000 units at a price of $50. Production costs Direct materials per unit $9 Direct labor per un 511 Variable overhead per 33 Fried overhead for the year 5137.500 Solocant admirative costs Varble selling and administrative cost per unit 35 Tired selling and admiratie colt per $125.000 You have prepared its income statement for the year ended March 31, 20x1 under both absorption and variable costing. You must now come the Net Income under Yulatie Costing to the Net Income under Absorption conting. What is the Dollar Amount of the Overhead in die Inventory Specifyin dollar no decimal places or conta Advanced Company reports the following conting data on its product line for its first year of operations. During this first year the company produced 25.000 de and cod 15000 units at a price of $50. Production costs Direct materials per unit 39 Direct labor per unit 511 Variable overhead per unit 33 and overhead for the year $137.500 55 Selina and additives Variable setting advertente per unit Fored velling and administrative cont per veur 5125.000 You have prepared its income statement for the year ended March 31, 201 under both absorption and variable costing. You must now convert the Net Income under Variable Corting to the Net Income under Absorption contine. You have cateulated the Dollar Amount of Fixed Overhead in Ending Inventory Do You Addor Sittad Fixed Overhead in Ending Intly from the cable Costin Net Income! Aid Sut