Data - X Beginning inventory, January 1, 2018 Ending inventory, December 31, 2018 2018 sales Selling price (to distributor) Variable manufacturing cost per unit, including direct materials Variable operating (marketing) cost per unit sold Fixed manufacturing costs Denominator-level machine-hours Standard production rate Fixed operating (marketing) costs 88,000 units 34,000 units 293.000 units $ 20.00 per unit $ 5.70 per unit $ 1.60 per unit sold $ 1,165,600 6,200 40 units per machine-tour $ 1,050,000 O I W G >> @ 3 The Garrard Company manufactores trendy high quality, moderately priced watches As Garnier nancy you are and to recommend a method overy on The CFO Wilse you recommendation to prepare Garand's 2018 statement of comprehensive income. The towing data are for the year ended December 31, 2011 Click the icon to view the data) Assume standard costs per unit are the same for uns in beguma inventory and uns produced in the year Aso, menopce, ratt, or one arances. Aden vokune variance witten off to COGS in the month in which occurs. Required Requirement 1. Prepare statements of comprehensive income under variable and absorption costing for the yew ended December 2018 Begin by prepanng the statement of comprehensive income under variable costing for the year ended December 31, 2015 Complete the part of the statement of competitive come test and then complete the bottom portion Complete all answer boxes Use parentheses or a minus for a pering) Variable costing Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer Help Me Solve This e Text Pages Get More Help O de4 IN . Type here to search Adjustment for variances Assi Allocated fixed manufacturing costs | Beginning inventory (, moc f com Contribution margin begii Cost of goods available for sale Ending inventory I Fixed manufacturing overhead costs incom = Fixed operating costs me ur S. Use Gross marain Operating income (loss) begi Revenues Variable cost of goods sold incom f Variable manufacturing costs me ur S. USE Variable operating costs Choose from any list or enter any number in the input fields