Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations: $ 28 points Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $ 367,500 $ 389,550 $ 66,000 eBook The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 24,500 units and sold 22,700 units. The selling price of the company's product is $65 per unit. Print Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. References 2. Assume the company uses a variable costing system that assigns $15.00 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 $15.00 of direct labor cost and $15.90 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-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Reg 2A Reg 28 Reg 3 Reg 38 Req 4A Reg 4B Reconcile the difference between the super-variable costing and absorption costing net operating incomes. $ 16,850 Super-variable costing net operating income (loss) Add: Direct labor and fixed manufacturing overhead cost deferred in inventory under absorption costing Absorption costing net operating income (loss) $ 16,850 ine company does not incur any variable manufacturing overnead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 24,500 units and sold 22,700 units. The selling price of the company's product is $65 per unit. 10 Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. points 2. Assume the company uses a variable costing system that assigns $15.00 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. eBook Print 3. Assume the company uses an absorption costing system that assigns $15.00 of direct labor cost and $15.90 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. References 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 2B Reg 3A Reg 3B Reg 4A Reg 4B Prepare an income statement for the year. Assume the company uses a variable costing system that assigns $15.00 of direct labor cost to each unit produced. (Round your intermediate calculations to 2 decimal places.) Bracey Company Variable Costing Income Statement Sales Variable cost of goods sold Contribution margin Fixed expenses: Fixed manufacturing overhead 389,550 Fixed selling and administrative expense 66,000 $ 1,475,500 976,100 499,400 455,550 43,850 Net operating income $
