ions Q Requirement 1 - X Data table g variable costing Begin by prepar elp Requirements sources Incor ourse is O Less Selling price per unit. $ 46.00 Direct material per unit $ 13.00 Direct labor per unit. $ 4.00 Total annual manufacturing overhead .......... $190.000 Fixed portion of annual manufacturing overhead 5 171.000 Variable operating expenses per unit sold $ 200 Fixed operating expenses per year in total $ 49.000 Units manufactured 19.000 Units sold 17,000 Less 1. Prepare two income staternen and one using variable costi questions a. What is the product cost b. What is the product cost C. What is the ending inven d. What is the ending invent What a cost of goods 10 t. What is cost of goods so 9. What is operating income h. What is operating income 2. What is the underlying reason the two costing methods Print Done Print Imperial duties as one product Information about the production and sales of that product for the past year follow (Cock the icon to view the data) The company had no beginning inventory Read the Requirement 1. Prepare to come sements for the year, one using absorption costing and one using variable costing Begin by preparing the contestantly the year using tsorption costing Imperial Industries Income Statement(Absorption Costinel For the Year Ended Requirements L05 Les 1. Prepare two income statements for the year solion costing and one using variable couting. Use the statements to answer the following Questions a. What is the product cost per un bon costing? What is the produc coat per un ing cong? What is the ending inventory balance gabohon costeg? d. What is the ending into balance sing anable costing? e What is cost of goods sold using on costing 1 What is cost of goods sold wingi D What is operating income sopro costing tu What is operating incoming costeg? 2. What is the underlying on for the direct operating cometern the turcoing to? Marlos Foods produces heen meals, which was for 55 each. The company uses the inventory costing method, and computers are monthly fed manufacturing overhead e bed on the coal mumber of male produced that meeth Alcons and production levels ready planed The flowing date from the company's two month Click the conto the data Read the return CID Requirement Corpule the productos per a produced under an Busting and under ting Dato Jay for January Absorption Variable Data table coating costing Total productos January February Sales 1.500 1000 Production 2.000 m 160 m Variable manufacturing pense per meal 54 54 Sales commission expense per 52 52 Total freed manufacturing overhead SSCO $$90 $500 S500 Total marketing and rationes Print Done Mand's Foods produces frozen meals, which sells for each. The company is the FIFO inventa y corting method, and it computer a new monthly food manufacturing overhead rate based on the actual number of meals produced that moth. Al costs and production levels are exactly as played the following data from the company's fed two months in bus (Click the icon to view the data) Read the requirement Requirement 1. Compute the product conlper meal produced under absorption costing and under valable costing. Do this fest for January and then for February January Absorption Variable - X Requirements costing costing Total product cost 1. Compute the product cost per mest produced under absorption costing and under variatie costing Do this first for January and then for February 2. Prepare separate monthly income statements for Janusy and for February using the following a. Absorption costing b. Variable coming 3. Is operating income higher under absorption costing of variable coolingin January in February Explain the pattern of differences in coating income based on absorption costing versus variable costing Print Done ions Q Requirement 1 - X Data table g variable costing Begin by prepar elp Requirements sources Incor ourse is O Less Selling price per unit. $ 46.00 Direct material per unit $ 13.00 Direct labor per unit. $ 4.00 Total annual manufacturing overhead .......... $190.000 Fixed portion of annual manufacturing overhead 5 171.000 Variable operating expenses per unit sold $ 200 Fixed operating expenses per year in total $ 49.000 Units manufactured 19.000 Units sold 17,000 Less 1. Prepare two income staternen and one using variable costi questions a. What is the product cost b. What is the product cost C. What is the ending inven d. What is the ending invent What a cost of goods 10 t. What is cost of goods so 9. What is operating income h. What is operating income 2. What is the underlying reason the two costing methods Print Done Print Imperial duties as one product Information about the production and sales of that product for the past year follow (Cock the icon to view the data) The company had no beginning inventory Read the Requirement 1. Prepare to come sements for the year, one using absorption costing and one using variable costing Begin by preparing the contestantly the year using tsorption costing Imperial Industries Income Statement(Absorption Costinel For the Year Ended Requirements L05 Les 1. Prepare two income statements for the year solion costing and one using variable couting. Use the statements to answer the following Questions a. What is the product cost per un bon costing? What is the produc coat per un ing cong? What is the ending inventory balance gabohon costeg? d. What is the ending into balance sing anable costing? e What is cost of goods sold using on costing 1 What is cost of goods sold wingi D What is operating income sopro costing tu What is operating incoming costeg? 2. What is the underlying on for the direct operating cometern the turcoing to? Marlos Foods produces heen meals, which was for 55 each. The company uses the inventory costing method, and computers are monthly fed manufacturing overhead e bed on the coal mumber of male produced that meeth Alcons and production levels ready planed The flowing date from the company's two month Click the conto the data Read the return CID Requirement Corpule the productos per a produced under an Busting and under ting Dato Jay for January Absorption Variable Data table coating costing Total productos January February Sales 1.500 1000 Production 2.000 m 160 m Variable manufacturing pense per meal 54 54 Sales commission expense per 52 52 Total freed manufacturing overhead SSCO $$90 $500 S500 Total marketing and rationes Print Done Mand's Foods produces frozen meals, which sells for each. The company is the FIFO inventa y corting method, and it computer a new monthly food manufacturing overhead rate based on the actual number of meals produced that moth. Al costs and production levels are exactly as played the following data from the company's fed two months in bus (Click the icon to view the data) Read the requirement Requirement 1. Compute the product conlper meal produced under absorption costing and under valable costing. Do this fest for January and then for February January Absorption Variable - X Requirements costing costing Total product cost 1. Compute the product cost per mest produced under absorption costing and under variatie costing Do this first for January and then for February 2. Prepare separate monthly income statements for Janusy and for February using the following a. Absorption costing b. Variable coming 3. Is operating income higher under absorption costing of variable coolingin January in February Explain the pattern of differences in coating income based on absorption costing versus variable costing Print Done