- EL .... A > WHE... * U Saved Help Submit Save & Exit QUIZ - CH 06 Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of 1 operations: 10 7.5 points Variable conta per unit: Manufacturing: Direct materiale Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year. Pixed manufacturing overhead Pixed selling and administrative 1 1 8 00:55:25 $340,000 $250,000 During the year, the company produced 34,000 units and sold 16,000 units. The selling price of the company's product is $54 per unit. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2A Reg 28 Prepare an income statement for the year. Assume that the company uses absorption costing Lynch Company Proy 1 of 2 Next > ME GI Hill MacBook Air Saved QUIZ - CH 06 0 var LDL Wang ang am Strative Fixed costs per year! Fixed manufacturing overhead Fixed selling and administrative $340,000 $ 250,000 1 7.5 points During the year, the company produced 34,000 units and sold 16,000 units. The selling price of the company's produc Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 8 00:55:31 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Req 2B Compute the unit product cost. Assume that the company uses absorption costing. Unit product cost $ 25 Reg 1B > MC Prey 1 of 2 Next > QUIZ - CH 06 Saved Help VELDU Bunung ano a LEDER Pixed costs per year Fixed manufacturing overhead Fixed selling and administrative $340,000 $250,000 1 1 7.5 points During the year, the company produced 34,000 units and sold 16,000 units. The selling price of the company's product is $54 per un Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 00:55-25 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 2B Prepare an income statement for the year. Assume that the company uses absorption costing. Lynch Company Absorption Costing Income Statement Sales 0 $ 0 Prev 1 of 2 !!! Next > Mc Bill MacBook Air Fixed selling and administrative $340,000 $250,000 1 7.5 points During the year, the company produced 34,000 units and sold 16,000 units. The selling price of the company's product is $54 Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 00:55:23 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 2B Compute the unit product cost. Assume that the company uses variable costing Unit product cost MC GEW Hall Proy 1 of 2!! Next > MacBook Air 1 b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. 7,5 points 8 00:55:18 Reg 1A Reg 1B Reg 2A Reg 28 Prepare an income statement for the year. Assume that the company uses variable costing Lynch Company Variable Costing Income Statement 0 0 0 $ 0 M GEW Hall Prey 1 of 2 Next > 1 Req 1A Reg 1B Reg 2A Reg 2B Prepare an Income statement for the year. Assume that the company uses variable costing s Lynch Company Variable Costing Income Statement 00:55:16 0 0 0 $ 0