Bracey Company manufactures and sells one product. The following Information pertains to the company's first year of operations: Variable cost per unit: Direct materials 28 Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $ 225,5e8 $ 309,558 $ 5e,8e0 The company does not Incur any variable manufacturing overhead costs or varlable selling and administrative expenses. During Its first year of operations, Bracey produced 20,500 units and sold 19,500 units. The selling price of the company's product is $51 per unit. Required 1. Assume the company uses super-varlable costing: a. Compute the unit product cost for the year b. Prepare an Income statement for the year. 2. Assume the company uses a varlable costing system that assigns $11.00 of direct labor cost to each unit produced: a. Compute the unit product cost for the year b. Prepare an Income statement for the year. 3. Assume the company uses an absorption costing system that assigns $11.00 of direct labor cost and $15.10 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year b. Prepare an Income statement for the year. 4a. Reconcile the difference between the super-varlable costing and varlable costing net operating Incomes. 4b. Reconcle the difference between the super-variable costing and absorption costing net operating Incomes. Complete this question by entering your answers in the tabs below Req 1B Req 2A Req 3A Req 4A Req 1A Req 2B Req 3B Req 4B Compute the unit product cost for the year. Assume the company uses super-variable costing uct cost Req 1A Complete this question by entering your answers in the tabs below. Req 2A Req 3A Req 4A Req 1A Req 1B Req 2B Req 3B Req 4B Prepare an income statement for the year. Assume the company uses super-variable costing Bracey Company Super-Variable Costing Income Statement Fixed expenses: Complete this question by entering your answers in the tabs below Req 2A Req 2B Req 3B Req 1A Req 1B Req 3A Req 4A Req 4B Compute the unit product cost for the year. Assume the company uses a variable costing system that assigns $11.00 of direct labor cost to each unit produced. (Round your answer to 2 decimal places.) Unit product cost Complete this question by entering your answers in the tabs below. Req 2B Req 1A Req 1B Req 2A Req 3A Req 3B Req 4A Req 4B Prepare an income statement for the year. Assume the company uses an absorption costing system that assigns $11.00 of direct labor cost and $15.10 of fixed manufacturing overhead cost to each unit produced. (Round your intermediate calculations to 2 decimal places.) Bracey Company Absorption Costing Income Statement K Req 3A Req 4A> Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 2A Req 2B Req 3A Req 3B Req 4A Req 4B Reconcile the difference between the super-variable costing and variable costing net operating incomes Super-variable costing net operating income (loss) Variable costing net operating income (loss)
