Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations:

The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first

year of operations, Bracey produced $21,500$ units and sold $20,300$ units. The selling price of the company's product is $$54$ per unit.

Required:

Assume the company uses super$-$variable costing:

a$.$ Compute the unit product cost for the year.

b$.$ Prepare an income statement for the year.

Assume the company uses a variable costing system that assigns $$12\mathrm{.}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.

Assume the company uses an absorption costing system that assigns $$12\mathrm{.}00$ of direct labor cost and $$15\mathrm{.}30$ 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.

a$.$ Reconcile the difference between the super$-$variable costing and variable costing net operating incomes.

b$.$ 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.

Prepare an income statement for the year. Assume the company uses super$-$variable costing.