Exercise 3 (20 points) Beta, Inc produces fruit juices The product is sold in four gallon containers, which have the following price and variable costs Sales price Direct material Direct labor Variable overhead S25 TO 2 Budgeted fixed overhead in 202o, the company's first year of operations, was $400,000 Actual production was 200,000 five gallon containers, of which 140,000 were sold Beta, Inc incurred the following selling and administrative expenses Fixed $ 150,000 for the year Variable I per container sold Compute the product cost per container of frozen yogurt under (10 points) Variable costing and Absorption costing Prepare the operating income statement for year 2020 using absorption costing (5 points) Prepare the operating income statement for year 2020 using variable costing (5 points) Exercise 3 (20 points) Beta, Inc produces fruit juices The product is sold in four gallon containers, which have the following price and variable costs S25 Sales price Direct material Direct labor Variable overhead 2 Budgeted fixed overhead in 2020, the company's first year of operations, was $400,000 Actual production was 200,000 five gallon containers, of which 140,000 were sold Beta, Inc incurred the following selling and administrative expenses Fixed Variable $ 150,000 for the year $ 1 per container sold Compute the product cost per container of frozen yogurt under (10 points) Variable costing and Absorption costing Prepare the operating income statement for year 2020 using absorption costing (5 points) Prepare the operating income statement for year 2020 using variable costing (5 points)

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Exercise 3. (20 points) Beta, Inc. produces fruit juices. The product is sold in four gallon containers, which have the following price and variable costs.

Exercise 3. (20 points) Beta, Inc. produces fruit juices. The product is sold in four gallon containers, which have the following price and variable costs. Sales price. Direct material. Direct labor.. Variable overhead. S25 TO .2 Budgeted fixed overhead in 202o, the company's first year of operations, was $400,000. Actual production was 200,000 five-gallon containers, of which 140,000 were sold. Beta, Inc. incurred the following selling and administrative expenses. Fixed.. ..$ 150,000 for the year Variable I per container sold Compute the product cost per container of frozen yogurt under (10 points) Variable costing and Absorption costing Prepare the operating income statement for year 2020 using absorption costing. (5 points) Prepare the operating income statement for year 2020 using variable costing. (5 points) image text in transcribed

Exercise 3. (20 points) Beta, Inc.. produces fruit juices. The product is sold in four gallon containers, which have the following price and variable costs. S25 Sales price....... Direct material. Direct labor..... Variable overhead.. 2 Budgeted fixed overhead in 2020, the company's first year of operations, was $400,000 Actual production was 200,000 five-gallon containers, of which 140,000 were sold. Beta, Inc. incurred the following selling and administrative expenses. Fixed.. Variable $ 150,000 for the year $ 1 per container sold Compute the product cost per container of frozen yogurt under (10 points) Variable costing and Absorption costing Prepare the operating income statement for year 2020 using absorption costing. (5 points) Prepare the operating income statement for year 2020 using variable costing. (5 points)