Dowd Intries has one product Information about the production and of that product for the past you follow ok the icon to the data The company had no beginning inventory Read the res Requirement. Prepare two come statements for the yout, one brinting and en vanati costing tegin by preparing the income sement for the young absorption costing Diamond Industries Requirements Income mentheorption Coil For the Year Ended Prepare two income statements for the yewone veing absorption costing and energiate conting. Use the antstowwer the following LE questions What is the produit cost per unit using abortion conting? What is the producon peruntung able conting? What is the endir inventory but shortion conting? d. What is the ending inventory balance in conting? What is cost of goods soldung on costing? Now the one for the year wb What is cost of goods and blesting Diamond industrie What is rating income using tin ng Contribution Margin income Statement Variable Costing What is operating income using variable costing 2. What is the underlying reason for the difference in operating income between For the Year Ended the two costing methods . Done Choose from worn anumber in the folds and then continue to the testion Diamond Industries has one product. Information about the production and sees of that product for the past year follow Click the icon to vw the data) The company had no beginning inventory Read me teguraments Now prepare the income statement for the year using variable costing Diamond Industries Contribution Margin Income Statement (Variable Couting) For the Year Ended Requirements Loss 1. Prepare two income statements for the year one on opon conting and one using variable costing Use those statements to answer the following questions What is the product cost per uniting absorption conting? 1. What is the product cost per unit using variable conting? What is the ending inventory blanco sing borpion conting? d. What is the ending inventory lance using variable costing? . What is cost of gods sold uning option costing What is cost of goods sold using variable cong? What is operating income using aborson costing? th What perating income invariable conting? 2. What is the underlying reason for the difference in operating income between the two costing methods? Use the statements you prepared tower the following questions ta. What is the product cost peruntung sorption conting? 10. What is the product cost per unitsing variable conting? Print Done Choose from any list or enter any number in the input fields and then continue to the next to Herents Dunand industrian domation about that product for the past year Click the soon we data The company had no beginning wory Read more Prepare o income was for the years using a son costing done using varias costing Use trosess to were flowing os What is the produit costerung brincotro What is the produtos per un gran coming Wai Thendingimatory tware ang baption conting) What is the winnerflory balancewing van we conting? What is cost of goods sold using abortion og What is cost of goods sold using table conting? What is operating come un borpion coding? What is coming income using variati costing 2. What is the underlying for the forence in operating name between the two costing methods Pem Done Te Uus the waters you prepared to the flowing questions What is the productos por unting conting! What is the product cost per un sing variable ? To Wat is the ending inventory boring boron costing 1d What is the unde liory being able conting? What is cold sold in abortion costo t. What a cost of goods sold in becoming! 18. What is operating incoming option costing? th What is opening valet Requirement 2. What is the underlying on for sewe in opringcome we conting? ating matales Higher operuing income. This because der besorption costing whereas variable in Choose from a list or enter any number in the input folds and conto the studio 1 i Data Table A B 1 Safe Sailing 2 Contribution Margin Income Statement (Variable Costing) 3 For Sales Volume of 32,000 Units 4 Total 5 Sales revenue $ 448,000 160,000 106,000 $ 182,000 6 Less variable expenses: 7 Variable manufacturing costs (DM, DL, Variable MOH) 8 Variable operating expenses (selling and administrative) 9 Contribution margin 10 Less fixed expenses: 11 Fixed manufacturing overhead 12 Fixed operating expenses (selling and administrative) 13 Operating income (loss) ce als $ $ 123,000 arti 87,000 $ (28,000) ted Print Done Dowd Intries has one product Information about the production and of that product for the past you follow ok the icon to the data The company had no beginning inventory Read the res Requirement. Prepare two come statements for the yout, one brinting and en vanati costing tegin by preparing the income sement for the young absorption costing Diamond Industries Requirements Income mentheorption Coil For the Year Ended Prepare two income statements for the yewone veing absorption costing and energiate conting. Use the antstowwer the following LE questions What is the produit cost per unit using abortion conting? What is the producon peruntung able conting? What is the endir inventory but shortion conting? d. What is the ending inventory balance in conting? What is cost of goods soldung on costing? Now the one for the year wb What is cost of goods and blesting Diamond industrie What is rating income using tin ng Contribution Margin income Statement Variable Costing What is operating income using variable costing 2. What is the underlying reason for the difference in operating income between For the Year Ended the two costing methods . Done Choose from worn anumber in the folds and then continue to the testion Diamond Industries has one product. Information about the production and sees of that product for the past year follow Click the icon to vw the data) The company had no beginning inventory Read me teguraments Now prepare the income statement for the year using variable costing Diamond Industries Contribution Margin Income Statement (Variable Couting) For the Year Ended Requirements Loss 1. Prepare two income statements for the year one on opon conting and one using variable costing Use those statements to answer the following questions What is the product cost per uniting absorption conting? 1. What is the product cost per unit using variable conting? What is the ending inventory blanco sing borpion conting? d. What is the ending inventory lance using variable costing? . What is cost of gods sold uning option costing What is cost of goods sold using variable cong? What is operating income using aborson costing? th What perating income invariable conting? 2. What is the underlying reason for the difference in operating income between the two costing methods? Use the statements you prepared tower the following questions ta. What is the product cost peruntung sorption conting? 10. What is the product cost per unitsing variable conting? Print Done Choose from any list or enter any number in the input fields and then continue to the next to Herents Dunand industrian domation about that product for the past year Click the soon we data The company had no beginning wory Read more Prepare o income was for the years using a son costing done using varias costing Use trosess to were flowing os What is the produit costerung brincotro What is the produtos per un gran coming Wai Thendingimatory tware ang baption conting) What is the winnerflory balancewing van we conting? What is cost of goods sold using abortion og What is cost of goods sold using table conting? What is operating come un borpion coding? What is coming income using variati costing 2. What is the underlying for the forence in operating name between the two costing methods Pem Done Te Uus the waters you prepared to the flowing questions What is the productos por unting conting! What is the product cost per un sing variable ? To Wat is the ending inventory boring boron costing 1d What is the unde liory being able conting? What is cold sold in abortion costo t. What a cost of goods sold in becoming! 18. What is operating incoming option costing? th What is opening valet Requirement 2. What is the underlying on for sewe in opringcome we conting? ating matales Higher operuing income. This because der besorption costing whereas variable in Choose from a list or enter any number in the input folds and conto the studio 1 i Data Table A B 1 Safe Sailing 2 Contribution Margin Income Statement (Variable Costing) 3 For Sales Volume of 32,000 Units 4 Total 5 Sales revenue $ 448,000 160,000 106,000 $ 182,000 6 Less variable expenses: 7 Variable manufacturing costs (DM, DL, Variable MOH) 8 Variable operating expenses (selling and administrative) 9 Contribution margin 10 Less fixed expenses: 11 Fixed manufacturing overhead 12 Fixed operating expenses (selling and administrative) 13 Operating income (loss) ce als $ $ 123,000 arti 87,000 $ (28,000) ted Print Done