complete) Data Table - X ho ---- --- Selling price per unit $ 53.00 Direct material per unit $ 15.00 Direct labor per unit.. $ 8.00 Total annual manufacturing overhead $ 198,000 Fixed portion of annual manufacturing overhead . $ 176,000 Variable operating expenses per unit sold .... $ 2.00 Fixed operating expenses per year in total.. $ 49,000 Units manufactured 22,000 Units sold ..... 20,000 ---- ---- Print Done Clear All Part 6 (Absorption vs. Var Costing) 1 of 1 (1 complete) he Requirements the arus C. 1. Prepare two income statements for the year, one using absorption costing and one using variable costing. Use those statements to answer the following questions: a. What is the product cost per unit using absorption costing? b. What is the product cost per unit using variable costing? What is the ending inventory balance using absorption costing? d. What is the ending inventory balance using variable costing? What is cost of goods sold using absorption costing? f. What is cost of goods sold using variable costing? g. What is operating income using absorption costing? h. What is operating income using variable costing? 2. What is the underlying reason for the difference in operating income between the two costing methods? e. 3) g over sold total.. Print Done inpu Clear All Principles of Managerial Acct Homework: Chapter 6 - Part 6 (Abso Score: 0.05 of 1 pt %E6-35A (similar to) Regal Industries has one product. Information about the production and sales of that proc Click the icon to view the data.) The company had no beginning inventory Read the requirements Begin by preparing the income statement for the year using absorption costing. Regal Industries Income Statement (Absorption Costing) For the Year Ended Less Less Choose from any list or enter any number in the input fields and then click Check Answ ports remaining Homework: Chapter 6 Score: 0.05 of 1 pt about to Contribution margin Cost of goods sold 1 Fixed expenses Fixed manufacturing overhead Fixed operating expenses Gross profit Operating expenses t Operating income Sales revenue Variable cost of goods sold Variable expenses Variable operating expenses le year isting) Less: Less
