$($Click the icon to view the budgeted and actual data $)$

Read the requirements

Start by preparing the $($a$)$ vanable costing income statement for $2019,2020,$ and the $2$ year total

Revenue

Foxed costs

Manufacturing costs

Operating costs

Total fored costs

Operating income $($loss$)$

ages

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Requirements

Prepare income statements wth one column for $2019,$ one column for $2020.$ and one column for the $2$ years together using $($a$)$ variable costing and $($b$)$ absorption costing.

What is the breakeven point under $($a$)$ variable costing and $($b$)$ absorption costing?

What inventory costs would be carried in the balance sheet on December $31.2019$ and $2020.$ under each method?

Assume that the performance of the top manager of Mulberry All$-$Fixed is evatuated and rewarded largely on the basis of reported operating income Which costing method would the manager prefer? Why?

Data table

$\backslash$table$[[\backslash$table$[[$The company uses budgeted production as the denominator level and$],[$writes off any production$-$volume variance to cost of goods sold.$]]],[,2019,2020$

$($Cick the icon to view the budgeted and actual data.$)$

Read the requirements

Start by preparing the $($a$)$ variabie costing income statement for $2019.2020,$ and the $2$ year total

$2019$

Revenue

Fixed costs

Manutacturing costs

Operating costs

Total foxed costs

Operating income $($loss$)$

Requirements

Prepare income statements with one column for $2019,$ one column for $2020$ and one column for the $2$ years logether using $($a$)$ variabie costing and $($b$)$ absorption costing

What is the breakeven point under $($a$)$ varable costing and $($b$)$ absorption costing?

What inventory costs would be carned in the balance sheet on December $312019$ and $2020,$ under each method?

Assume that the performance of the top manager of Muberry All $-$ Fixed is evaluated and rewarded largely on the basis of reported operating income Which costing method would the manager prefer? Why?

Data table

The company uses budgeted production as the denominator level and writes off any production$-$volume variance to cost of goods sold.

$\backslash$table$[[,2019,2020$