E21-17 (similar to i Question Help Limonade produced 18,000 cases of powdered drink mix and sold 15.000 cases in Apnl 2018. The sales price was $23, variable costs were $12 per case ($9 manufacturing and $3 selling and administrative), and total fixed costs were $90,000 ($72,000 manufacturing overhead and $18,000 selling and administrative). The company had no beginning Finished Goods Inventory. The company had the following results using variable costing (Click the icon to view the data using variable costing.) Read the requirements Requirement 1. Prepare the April income sta using absorption costing. Limonade Income Statement (Absorption Costing) Month Ended April 30, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. 2 pamai 2 5 6 8 9 0 0 Reference Variable Costing 9.00 Total product cost per unit Cost of Finished Goods Inventory as of April 30, 2018 27,000 ( Print Done er in the input fields and then click Check Answer. Clear All Requirements Prepare the April income statement using absorption costing. Determine the product cost per unit and the total cost of the 3,000 cases in Finished Goods Inventory as of April 30. Is the April 30 balance in Finished Goods Inventory higher or lower than variable costing? Explain why 1. 2. 3. Print Done r in the input fields and then click Check Answer Clear All beginning Finished Goods Inventory. The company had the following results using variable costing (Click the icon to view the data using variable costing.) Read the requirements Limonade Income Statement (Absorption Costing) Month Ended April 30, 2018 Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All