BUSI533 COURSE TITLE TIME Managerial Accounting DAYS ROOM COURSE CODE SECTION STUDENT NAME TEACHER'S NAME ID NO. DATE TOPIC Absorption and Variable Costing ACTIVITY TITLE Direction: Read, Analyze and Calculate what required. ACTIVITY DIRECTION & 1- ABC Company produces a single product with the following information available. REQUIREMENT/S Prepare an Income Statement using variable costing. 40,000 units BHD 200 Number of Units Produced and Sold Annually Selling Price Per Unit Variable Cost Per Unit: Direct Materials Direct Labor Selling & Administrative Expenses Fixed Cost Per Year: Manufacturing Overhead Selling & Administrative Expenses BHD 13 BHD 7 BHD 4 BHD 140,000 BHD 80,000 2- ABC Company produces a single product with the following information available. Prepare an Income Statement using variable costing. 60,000 Units BHD 400 Number of Units Produced and Sold Annually Selling Price Per Unit Variable Cost per Unit: Direct Materials Direct Labor Selling & Administrative Expenses Fixed Cost per Year: Manufacturing Overhead Selling & Administrative Expenses BHD 15 BHD 9 BHD 7 BHD 125,000 BHD 72,000 Prepare an Income Statement using variable costing