G M Bb 1 X M Bb UCSC LICSC HER + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252... * S GA Ch 6 HW - ACG3073 i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 13 Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. 2018 2019 Part 2 of 2 Sales ($46 per unit) $966, 000 $1, 886,000 Cost of goods sold ($31 per unit) 651, 000 1, 271, 000 Gross margin 315, 000 15,000 Selling and administrative expenses 276, 750 311, 750 15 Net income $ 38, 250 $ 303, 250 points Additional Information a. Sales and production data for these first two years follow. 2018 2019 Units produced 31, 000 31, 000 Units sold 21, 000 41, 000 b. Variable cost per unit and total fixed costs are unchanged during 2018 and 2019. The company's $31 per unit product cost consists of the following. Mc Graw WechatIMG1365.jpeg WechatIMG1364.jpeg WechatIMG1363.jpeg A ELWR Appeal Pa..odt XG M Bb 1 X M Bb UCSC LICSC HER + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252... * S GA Ch 6 HW - ACG3073 i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 13 a. JUICE UIIM PIVMULLIVII HULU IVI LIGSG III SL LEVY YOUIS IVITY. 2018 2019 Units produced 31, 000 31,000 Units sold 21, 000 41, 000 Part 2 of 2 15 b. Variable cost per unit and total fixed costs are unchanged during 2018 and 2019. The company's $31 per points unit product cost consists of the following. Direct materials 5 Direct labor 8 Variable overhead Fixed overhead ($310,000/31,000 units) 10 Total product cost per unit $31 c. Selling and administrative expenses consist of the following. 2018 2019 Variable selling and administrative expenses ($1.75 per unit) $ 36, 750 $ 71, 750 Fixed selling and administrative expenses 240.000 240.000 Mc Graw WechatIMG1365.jpeg WechatIMG1364.jpeg WechatIMG1363.jpeg A ELWR Appeal Pa..odt A XG M Bb 1 X M Bb UCSC LICSC HER + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252... * S GA Ch 6 HW - ACG3073 i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 13 c. Selling and administrative expenses consist of the following. 2018 2019 Variable selling and administrative expenses ($1.75 per unit) $ 36, 750 $ 71, 750 Part 2 of 2 Fixed selling and administrative expenses 240 ,000 240,000 Total selling and administrative expenses $276, 750 $311, 750 15 points 2. Prepare a table as in Exhibit 6.12 to convert variable costing income to absorption costing income for both 2018 and 2019. (Loss amounts should be entered with a minus sign.) X Answer is not complete. DOWELL COMPANY Reconciliation of Variable Costing Income to Absorption Costing Income 2018 2019 Variable costing income (loss) Add: Fixed overhead in ending inventory Less: Fixed overhead in beginning inventory Absorption costing income (loss) Mc Graw WechatIMG1365.jpeg WechatIMG1364.jpeg WechatIMG1363.jpeg A ELWR Appeal Pa..odt A X
