Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places.) c. Reconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. Complete this question by entering your answers in the tabs below. What is the company's absorption costing net operating income (loss) for the quarter? (Rlound your intermediate calculationis to 2 decimal places.) in total fixed costs.) What is the company's variable costing net operating income (loss) for the second quarter? (Round your intermediate calculations to 2 decimal places.) Tami Tyler opened Tami's Creations, Incorporated, a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following Income stotement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorpsion costing father than variable. costing and argues that if absorption costing had been used the company probsbly would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufocturing only one product-a swimsult Production and cost data felating to the swimtsuit for the fist quarter follow. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data reiating to the swimsult for the first quarter follow Required: 1. Complete the following: a. Compute the unit product cost under obsorption costing. b. What is the company's absorption costing net operaung income (loss) for the quarter? c. Reconcile the variable and absorption costing net operating income (loss) figures 3 During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in totol fixed costs) a. What is the companys variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (oss) for the second quarter? c. Reconcile the variable costing and absorpton costing net opetoting incomes (losses) for the second quarter. Complete this question by entering your answers in the tabs below. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total fixed costs.) Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Complete this question by entering your answers in the tabs below. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total fixed costs.) What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to 2 decimal places.) n total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. Complete this question by entering your answers in the tabs below. Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.)
