D67 $ 8 1 Battle Company produces and sells a single product, a wooden lawnchair, Costs and operating data are given below: 2 90.00 3 Selling price per lawnchalr 4 Manufacturing costs: 5 Variable (per lawnchair): 6 DM $ 26.00 7 DL $ 14.00 8 Variable Manuf/H $ 10.00 9 Fixed Manuf/H per year $ 480,000.00 10 11 Selling and Administrative expenses: 12 Variable (per lawnchair) $ 4.00 13 Fixed Selling and Admin expense per year $ 145,000.00 60,000 56,000 2 2 15 lawnchairs produced during the year 16 lawnchairs sold during the year 17 18 Absorption Costing 19 20 Calculate Unit Product Cost: 21 22 DM 23 DL 24 Variable Manuf/ 25 Fixed Manuf/H 26 Total Unit Product Cost 27 28 Absorption Costing Income Statement: 29 30 Sales 31 Cost of Goods Sold 32 Gross Profit 33 Selling and Admin Expenser 34 Variable Selling and Admin expense 35 Fixed Selling and Admin expense 36 Net Operating Income B7 38 Variable Costing 2 2 29 30 Sales 31 Cost of Goods Sold 32 Gross Profit 33 Selling and Admin Expense: 34 Variable Selling and Admin expense 35 Fixed Selling and Admin expense 36 Net Operating Income 37 38 Variable Costing: 39 40 Calculate Unit Product Cost: 41 42 DM 43 DL 44 Variable Manuf/H 45 Total Unit Product Cost 46 47 Variable Costing Income Statement: 48 49 Sales 50 Variable expenses: 51 COGS 52 Variable Selling and Admin expense 53 Contribution Margin 54 Fixed expenses: 55 Fixed Manuf o/H 56 Fixed Selling and Admin expense 57 Net Operating Income 158 59 2