help with requirement 1-4

Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations: Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. $24 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 22,500 units and sold 21,100 units. The selling price of the company's product is $58 per unit. $ 292,500 $ 348,750 $ 58,000 2. Assume the company uses a variable costing system that assigns $13.00 of direct labor cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $13.00 of direct labor cost and $15.50 of fixed manufacturing overhead cost to each unit produced: 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Prou

Bracey Compariy manufactures and seils one product. The followina information pertains to the company's first year of operations year of operations, Bracey produced 22,500 units and sold 2400 units. The selling price of the company's product is $58 per unit, Required: Required: 1. Assume the company uses supervariable costing a. Compule the unit product cost for the year. b. Prepare an income statement for the yoar. 2. Assume the company uses a vorlable costing system that assigns $13.00 of direct labor cost to each unit procucect a. Compute the unit product cost for the year. b. Prepare an income statement for the year 3. Assume the company uses an absorption costing system that assigns $13.00 of direct labor cost and $15.50 of reod monufocturing overhead cost to each unit producect a. Compute the tint product cost for the year. b. Prepare an income statement for the year. 4a. Ritconcile the difference between the super vallable costing and vartable costing net operating incomies 4b. Reconcile the difference between the super-varlable costing and absorption costing net operating incomes. Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations: The compary does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 22,500 units and sold 21,100 units. The selling price of the company's product is $58 per unit. Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 2. Assume the company uses a varlable costing system that assigns $13.00 of direct labor cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $13.00 of direct labor cost and $15.50 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-varlable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes