) Contion 12 - ACCION] CREAM X C @ https//watomheducation.com/ext/map/index.html!_commconkexternal_browse D&brunchUrl =http:12534%2528%252Fboth wuniversity.blackboardc. ACG3073 Ch G HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Return to question 12 Prepare income statements for each of these two years under variable costing. (less amounts should be entered with a minus sign) Answer Is not complete. 15 DOWELL Company Income Statements (Variable Conding) Year i Year 2 $1.113.804 $3 309.080 Variable cast of goods told 2.394,080 0 Variable willing and adminbrodve mapinsen 756,010 0 Contribution mingin 441,8030 1323,080 Loan Flood expenses Fbond overhand 356,080 IF boed selling and administrative expenses ST6.080 0 $ 135 101 0 12 of 13 Type here to search LC @ https//watomheducation.com/ext/map/index.htmlf_commcondexternal_browser=0&launchUrl=http:125JAN2528\\252Fbeh wuniversity.blackboardc. ACG3073 Ch GHW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 13 Blazer Chemical produces and sells an ice-melting granular used on roadways and sidewalks in winter It annually produces and sells 25,875 tons of its granular Because of this year's mild winter, projected demand for its product is only 20,700 tons, Based on projected production and soles of 20.700 toms, the company estimates the following income using absorption costing. 15 point Cast of goods sold (20, TO come at $40 per ton) Selling and administrative expenses Incomm $ 1,179,40 Its product cost per ton follows and consists mainly of foord overhead because its automated production process uses cop tight equipment Direct entertale Direct 1ober Variable overherd $ 40 par ton Selling and administrative experives consist of variable selling and administrative expenses of $6 per ton and fred selling and administrative expenses of $213,800 per year. The company's president will not eam a bonus unless a positive income is reported. The controller mentions that because the company has large storage capacity, it can report a positive income by setting production at the usual 25,875 ton level even though it expects to sell only 20.700 tons. The president is surprised that the company can report income by producing more without increasing sales. 13 of 13 Next > Type here to search L 149 PMC @ https//watomheducation.com/ext/map/index.htmlf_commcondexternal_browser=0&launchUrl=http:125JAN2528\\252Fbeh wuniversity.blackboardc. ACG3073 Ch GHW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 13 Required: i. Prepare an income statement using absorption costing based on production of 25 875 tons and sales of 20.700 tons. Can the company report a positive income by increasing production to 25 875 tons and storing the 5175 tons of excess production in inventory? 15 2. By how much does income increase by when producing 25.875 tons and storing 5175 tony in inventory compared to only point producing 20.790 toms? O Answer is not complete. Complete this question by entering your answers in the tabs below, Required 1 Prepare an Income statement wing absorption casting based on production of 25.875 tone and sales of 20,709 tons. Can the company report a positive Income by increasing production to 25,875 toms and storing the 5,175 tens of excess production in Inventory? (Round your answers to the nearest whole dollar.) BLAZER CHEMICAL Income Statement [Absorption Costing] 13 of 13 Type here to search LC @ https//watomheducation.com/ext/map/index.htmlf_commcondexternal_browser=0&launchUrl=http:125JAN2528\\252Fbeh wuniversity.blackboardc. ACG3073 Ch GHW O Help Save & Evil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 13 Required 1 15 Prepare an Income statement wing absorption casting based on production of 25,073 tone and sales of 30,700 tong, Can the point company report a positive income by increasing production to 25,875 tow and storing the 5,175 tons of excess production in Inventory? [Round your answers to the nearest whole dollar) BLAZER CHEMICAL Incrane Statement [Absorption Costing] Cout of goodi sold Grown profit $ 3015.450 Did the company topon a potlive income? Yes > 13 of 13 Noxd 3 Type here to search LC @ https/whomheducation.com/ext/map/index.html_commconexternal_browse=0&launchUrl-http:$2534%2528%252Fbeb wuniversity.blackbound.c. ACG3073 Ch G HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Retum to question 9 Required information The following information applies to the questions displayed below] Vintage Company reports the following information, Part 3 of 1 Breck materials Bdirect labor Units produced par year 15 variable overhead $ 10.60 per unit Fland overhead $ 223,400 per Thar Compute product cost per unit under variable costing. (Hound your answers to 2 decimal places] O Answer Is complete but not entirely correct. Product cost per unit using variable costing Per unit Dined materials Direct labor Verlable wearhead Fbond overhand Product cost per unit 41.80 of 13 Nood > 147 PM Type here to search LC @ https//watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl=http:125JAN2528%252Fbeh wuniversity.blackboardc. ACG3073 Ch G HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Retum to question 10 O Required information 15 (The following information applies to the questions displayed below) point Aces Incorporated. a manufacturer of tennis rackets. began operations this year. The company produced 7050 rickets and sold 5.430. Each racket was sold at a price of $90. Fixed overhead costs are $91,650 per year, and fixed selling and administrative costs are $67,400 per year. The company also reports the following per unit variable costs for the year. Odrect materials $ 12 Direct labor verlable overhead Prepare an income statement under variable costing @ Answer Is not complete. ACES INCORPORATED Income Statement [Variable Coating) Type here to search LC @ https//watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl=http:125JAN2528%252Fbeh wuniversity.blackboardc. ACG3073 Ch G HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 10 Prepare an income statement under variable costing Answer Is not complete. 15 point ACES INCORPORATED Income Statement [Variably Costing) Variable can of goods told Variable telling and adollarwho sip mini Contribution mingin Fbond awerhand IF bed selling and administrative expenses IT AND 159 850 Income 10 of 13 Type here to search L 147 PM) Contion 12 - ACCION] CREAM X C @ https//watomheducation.com/ext/map/index.html!_commconkexternal_browse D&brunchUrl =http:12534%2528%252Fboth wuniversity.blackboardc. ACG3073 Ch G HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Retum to question 12 Dowell Company produces a single product. Its income statements under absorption costing for Its first two years of operation follow. Inconn Statements (Absorption Costing] Ther 1 Your 2 15 Cast of goods sold ($38 par wit) Grein profit Telling and adadalstrative expenses TacoHE Additional Information a. Sales and production data for these first two years follow Year 1 Unity sold b. Variable costs per unit and fixed costs per year are unchanged during these years. The company's $38 per unit product cost using absorption costing consists of the following Direct materials 12 of 13 Type here to search L) Contion 12 - ACCION] CREAM X C @ https//watomheducation.com/ext/map/index.html!_commconkexternal_browse D&brunchUrl =http:12534%2528%252Fboth wuniversity.blackboardc. ACG3073 Ch G HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Return to question 12 Wallto produced Ungen sold 15 b. Variable costs per unit and fixed costs per year are unchanged during these years. The company's $38 per unit product cost using absorption costing consists of the following Direct estertale Variable overhard Total product cost per will e. Selling and administrative expenses consist of the following Year 1 Ther 1 Variable selling and sialalexrative (It per wats wid) Flued selling and administrative Total $ 210, 300 Required: 12 of 13 Noxd > Type here to search L