Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones.

eBook Calculator Print Item Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory Units Produced 25,000 Units Sold 20,000 Selling Price per Unit $144 Variable Sales and Administration Expenses Fixed Sales and Administration Expenses $975,000 Direct Material Cost per Unit Direct Labor Cost per Unit $10 Variable Manufacturing Overhead Cost per Unit $4 Fixed Manufacturing Overhead Cost per Month $977,500 $26 Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank. Appliance Apps Income Statement: Absorption Sales 2007 Cost of Goods Sold: Beginning Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Inventory Total Cost of Goods Sold Gross Profit Check My Works Previous Next > All work saved. work saved. Email Instructor Save and Exit Submit Assignment for Grading eBook Calculator Print Item Ending Inventory Total Cost of Goods Sold Gross Profit Sales and Administrative Expenses: Vwriable Fixed Total Fixed Sales and Administrative Expenses Net Operating Income Feedback Check My Work Absorption costing includes all costs necessary for production. Conversely, variable costing only uses the variable costs that relate directly to the production process. Keep this in mind when calculating net income under each assumption. Depending on the cost method chosen, there will be differences due to the way fixed costs are treated under each method (absorption and variable). Prepare an income statement under the variable costing method. If an amount box does not require an entry, leave it blank. Appliance Apps Income Statement: Variable Cost of Goods Sold: Check My Work Previous Next All work saved. stor Save and eBook Calculator Print Item Prepare an income statement under the variable costing method. If an amount box does not require an entry, leave it blank. Appliance Apps Income Statement Variable Cost of Goods Sold: Total Cost of Goods Sold Sales and Administrative Expenses: Variable dulo 0 Feedback Check My Work Absorption costing includes all costs necessary for production. Conversely, variable costin only uses the variable costs that relate directly to the production process. Keep this in mind when calculating net income under each assumption. Depending on the cost method chosen there will be differences due to the Check My Work Previous Nes Calculator Printem Check My Work Absorption costing includes all costs necessary for production. Conversely, variable costing only uses the variable costs that relate directly to the production process. Keep this in mind when calculating net income under each assumption. Depending on the cost method chosen, there will be differences due to the fixed costs are treated under each method (absorption and variable). Prepare a reconciliation between the two statements. Reconciliation Feedback Check My Work Absorption costing includes all costs necessary for production. Conversely, variable costing only uses the variable costs that relate directly to the production process. Keep this in mind when calculating net income under each assumption. Depending on the cost method chosen, there will be differences due to the fixed costs are treated under each method (absorption and variable) Feedback "Chechty work Partially correct Check My Work Previous Ne