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Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations: The company does not incur ary variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 27,000 units and sold 24,700 units. The selling price of the company's product is $74 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 variable costing system that assigns $17.50 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 $17.50 of direct laber cost and $16.40 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-variable costing and variable costing net operating incomes 4b. Reconcile the difference between the super-variable costing ond absorption costing net operating incomes Complete this question by entering your answers in the tabs below. 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 variable costing system that assigns $17.50 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 $17.50 of direct labor cost and $16.40 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-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Compute the unit product cost for the year. Assume the company uses super-variable costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Assume the company uses super-variable costing. 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 variable costing system that assigns $17.50 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 $17.50 of direct labor cost and $16.40 of fixed man 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-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Compute the unit product cost for the year. Assume the company uses a variable costing system that assigns $17.50 of direct labor cost to each unit produced. (Round your answer to 2 decimal places.) Prepare an income statement for the year. Assume the company uses a variable costing system that assigns $17.50 of direct labor cost to each unit produced. (Round your intermediate calculations to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the unit product cost for the year. Assume the compapy uses an absorption costing system that assigns $17.50 of direct labor cost and $16.40 of fixed manufacturing overhead cost to each unit produced. (Round your answer ta 2 decimai places.) 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 variable costing system that assigns $17.50 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 $17.50 of direct labor cost and $16.40 of fixed manufacturin 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-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Assume the company uses an absorption costing system that assigns $17.50 of direct labor cost and $16,40 of fixed manufacturing overhead cost to each unit produced. (Round your intermediate calculations to 2 decimal places.) 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 variable costing system that assigns $17.50 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 $17.50 of direct labor cost and $16.40 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-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 2. Assume the company uses a variable costing system that assigns $17.50 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 $17.50 of direct labor cost and $16.40 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-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Reconcile the difference between the super-variable costing and absorption costing net operating incomes
