Appliance Apps has the following costs associated with its production and sa Beginning Inventory 0 Units Produced 24,000 Units Sold 19,200 Selling Price per Unit $146 Variable Sales and Administration Expenses $4 Fixed Sales and Administration Expenses $931,200 Direct Material Cost per Unit $26 Direct Labor Cost per Unit $10 Variable Manufacturing Overhead Cost per Unit $3 Fixed Manufacturing Overhead Cost per Month $938,400 Appliance Apps Income Statement: Absorption Sales 2,803,200 Cost of Goods Sold: Beginning Inventory Cost of Goods Manufactured 1,874,400 Cost of Goods Available for Sale 1,874,400 Ending Inventory Total Cost of Goods Sold Gross Profit Sales and Administrative Expenses: Variable Fixed 931.200 Total Fixed Sales and Administrative Expenses Net Operating Income S Appliance Apps Income Statement: Variable Sales 2.803,200 Cost of Goods Sold: Beginning Inventory Cost of Goods Manufactured 936,000 Cost of Goods Available for Sale 936,000 Ending Inventory Total Cost of Goods Sold Gross Contribution Margin Sales and Administrative Expenses: Variable Contribution Margin Fixed Sales and Administrative Expenses y 931.200 Fixed Manufacturing 938.400 Total Fixed Sales and Administrative Expenses 1869,600 Net Operating Income process. Keep this in mind when calculating net income under each fixed costs are treated under each method (absorption and variable Prepare a reconciliation between the two statements. Reconciliation Net Income under Variable Costing $ Add: Fixed Manufacturing Overhead Deferred Net Income under Absorption $ Feedback