Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I did some of it but cant figure out how to solve for the graph and would love a explanation on how to get the

I did some of it but cant figure out how to solve for the graph and would love a explanation on how to get the numbers. The first graph goes to 2. and the second one goes to 4

image text in transcribed

image text in transcribedimage text in transcribedimage text in transcribed

Complete a full absorption costing income statement. Note: Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar. Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: Dance Creations charges $33 for each skirt that it sells. During the first month of operation, it made 1,700 skirts and sold 1,580. Required: I. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a contribution margin income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement. 5. Suppose next month Dance Creations expects to produce 1,700 hula skirts and sell 1,800 . Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Suppose next month Dance Creations expects to produce 1,700 hula skirts and sell 1,800 . Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Note: Round your final answer to nearest whole dollar. Complete a contribution margin income statement for the last month

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ACC 120 Wake Tech Financial Accounting W Connect Plus Access

Authors: J. David Spiceland

1st Edition

1308168926, 978-1308168920

More Books

Students also viewed these Accounting questions

Question

Explain how its religious views are linked to a cultures lifestyle.

Answered: 1 week ago

Question

3. Define the roles individuals play in a group

Answered: 1 week ago