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I need help with my assignment please Dowell Company produces a single product is income statements under absorption costing for its first two years of

I need help with my assignment please

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Dowell Company produces a single product is income statements under absorption costing for its first two years of operation follow Sales (544 per un Cost of goods sold ($29 per unit) 2014 2015 590000 SHAH000 38000 28.000 Gross margin Selling and administrative expenses 10000 296.000 630.000 345.000 Net income $ 15000 $.000 Additional information a. Sales and production data for the first two years follow Units produced Units sold 2014 32.000 22.000 2015 2.000 42.000 b. Variable cost per unit and total fixed costs are unchanged during 2014 and 2015. The company's $29 per unit product cost consists of the following Direct materials Direct labor Variable overhead Fored overhead ($320,000/32.000 units) Total product cost per unit C. Selling and administrative expenses consist of the following. Variable selling and administrative expenses ($2.5 per unit) Fixed selling and administrative expenses 2014 2015 $ 55,000 $ 105,000 240,000 240,000 Total selling and administrative expenses $ 295,000 $ 345,000 1. Complete income statements for the company for each of its first two years under variable costing. (Loss amounts should be entered with a minus sign.) DOWELL Company Variable Costing Income Statements 2014 2015 Net income (loss) 2. What are the differences between the absorption costing income and the variable costing income for these two years? (Loss amounts should be entered with a minus sign.) DOWELL COMPANY Reconciliation of Variable Costing Income to Absorption Costing Income 2014 2015 Variable costing income (loss) Absorption costing income (loss)

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