Help Save & Exit Check my 4 Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: 25 points $ $ Variable conta per units Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Tied coats per year! Tixed manufacturing overhead Pixed selling and administrative expenses 28 11 4 3 04.05.20 $ $240.000 $ 70,000 Book Hint During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $51 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing: a. Compute the unit product cast for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1 Deferences Complete this question by entering your answers in the tabs below. Req1A Rec 18 Req 2A Reg 28 Reg Assume the company uses variable costing Compute the unit product cost for year 1 and year 2 Year 1 Year 2 ME Help Save & Exit Check my 4 Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: 25 points $ $ Variable conta per units Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Tied coats per year! Tixed manufacturing overhead Pixed selling and administrative expenses 28 11 4 3 04.05.20 $ $240.000 $ 70,000 Book Hint During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $51 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing: a. Compute the unit product cast for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1 Deferences Complete this question by entering your answers in the tabs below. Req1A Rec 18 Req 2A Reg 28 Reg Assume the company uses variable costing Compute the unit product cost for year 1 and year 2 Year 1 Year 2 ME
