Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costum parties, and other functions. During its first year of business, the company incurred the following costs: Variable Cost per Hula Skirt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed cost per Month Fixed manufacturing overhead Fixed selling and administrative expenses $ 10.30 4.10 1.25 0.55 $18,275 5,650 Dance Creations charges $34 for each skirt that it sells. During the first month of operation, it made 1,800 skirts and sold 1,640 Required: 1. Assuming Dance Creations uses variable costing. calculate the variable manufacturing cost per unit for last month. 2. Complete a variable costing income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement 6. Suppose next month Dance Creations expects to produce 1,800 hula skirts and sell 1,900. Without recreating the new incom- statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Complete a full absorption costing income statement. (Round your intermediate calculations to 2 decimal places.) Dance Creations Full Absorption Income Statement For Last Month Dance Creations charges $34 for each skirt that it sells. During the first month of operation, it made 1,800 skirts and sold 1.54 Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a variable costing income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement. 6. Suppose next month Dance Creations expects to produce 1.800 hula skirts and sell 1900. Without recreating the new incon statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Required 6 Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. (Round your answer to 2 decimal places.) 15.65 Total Variable Manufacturing Cost/Unit 9 Required 2 > apter 5-7) statements, calculate the ullerence in proill verweer van die CUSuriy aru Tun dusurpuri CUSUM Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Complete a variable costing income statement for last month. Dance Creations Contribution Margin Income Statement For the Last Month Sales Revenue Variable Costs 55,760 25,666 Contribution margin Fixed Costs 30,094 23.925 Net Operating Income $ 6.100 Fixed Cost per Month Fixed manufacturing overhead Fixed selling and administrative expenses $18,275 5,650 Dance Creations charges $34 for each skirt that it sells. During the first month of operation, it made 1,800 Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for 2. Complete a variable costing income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for 4. Complete a full absorption costing income statement. 6. Suppose next month Dance Creations expects to produce 1.800 hula skirts and sell 1,900. Without recre statements, calculate the difference in profit between variable costing and full absorption costing. Which w Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last (Round your intermediate calculations and final answer to 2 decimal places.) Total Absorption Cost/Unit S 28.94 dlements, calcuidle mne umerence in prom vetween variable Custry anu lullausurpuri Cosuriy. WRICT WUUR Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Complete a full absorption costing income statement. (Round your intermediate calculations to 2 decimal places.) Dance Creations Full Absorption Income Statement For Last Month Sales Revenue Cost of Goods Sold Gross Margin Selling and Administrative Expenses Net Operating Income (Required 3 Required 6 > Dance Creations charges $34 for each skirt that it sells. During the first month of operation, it made Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per uni 2. Complete a variable costing income statement for the last month. 3. Assuming Dance Creations uses full absorption costing. calculate the full manufacturing cost per u 4. Complete a full absorption costing income statement. ho 6. Suppose next month Dance Creations expects to produce 1500 hula skirts and sell 1900. Without statements, calculate the difference in profit between variable costing and full absorption costing. Wh Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Suppose next month Dance Creations expects to produce 1,800 hula skirts and sell 1,900. Without recreat statements, calculate the difference in profit between variable costing and full absorption costing. Which we Difference in profit Which would be higher?
