D Question 2 2 pts Assume that the Unadjusted Cost of Goods Sold for Year 2 was $462,000 using absorption costing. Compute the Adjusted Cost of Goods sold using absorption costing for Year 2. Do not put a dollar sign in your answer. 604,000 Question 3 2 pts Using absorption costing, how much fixed overhead that happened in Year 2 would be carried over into Year 3? The Counting Crows Company uses normal costing The company began operations at the beginning of Year 1. Because the company is new and because they only make one product overhead is charged to production on the basis of product units. The denominator level for both Year 1 and Year 2 is 20,000 product units. The budgeted overhead at 20,000 units for both Year 1 and for Year 2 is $60,000 variable and $100,000 fixed, During Year 1, the company actually produced 21,000 units and sold 18,000 units During Year 2, the company actually produced 22,000 and sold 21.000 units. The company carries no Work in Process inventories and unes the FIFO method to assign costs to Finished Goods as needed. Any underallocated or overallocated overhead is charged totally to Cost of Goods Sold at the end of the year For both years, the actual direct materials cost was $8 per unit and the actual direct labor cost was $6 per unit. The actual variable overhead cost in Year 2 was $44,000 and the actual fixed overhead cost in Year 2 was $102.000. Do not put a dollar sign in your answer. Question 4 2 pts In Year 1, the net operating income for the company was $35,000 using absorption costing. What would the net operating income for Year 1 be using variable costing? Note: This question is for Year 1 NOT YEAR 2. You should use a reconciliation to find this answer. De not put a dollar sign in your answer. Question 5 For external purposes, the company O may une either variable costing or absorption Omust use absorption costing Omust use varible costre 2 pts