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It is keep says that is not complete.Please can you help me to complete Lenne Mail. Medolija lucian Degree Wo Geldes blackboard Fullbock.com lomework Seved
It is keep says that is not complete.Please can you help me to complete
Lenne Mail. Medolija lucian Degree Wo Geldes blackboard Fullbock.com lomework Seved Security Technology Incorporated (STI) is a manufacturer of an electronic control system used in the manufacture of certain special duty auto transmissions used primarily for police and military applications. The part sells for $59 per unit and STI had sales of 24.200 units in the current year, 2021. STI had no inventory on hand at the beginning of 2021 and is projecting sales of 26,600 units in 2022 STI is planning the same production level for 2022 as in 2021, 25,400 units. The variable manufacturing costs for STI are $20. and the variable selling costs are only $0.90 per unit. The fixed manufacturing costs are $203.200 per year, and the fixed selling costs are $540 per year Required: 1. Prepare an income statement for each year using full costing. 2. Prepare an income statement for each year using variable costing 3. Prepare a reconciation of the difference each year in the operating income resulting from the full and variable costing methods. Complete this question by entering your answers in the tabs below. Security Technology Incorporated (STI) is a manufacturer of an electronic control system used in the manufacture of certain special duty auto transmissions used primarily for police and military applications. The part sells for $59 per unit and STI had sales of 24,200 units in the current year, 2021. STI had no inventory on hand at the beginning of 2021 and is projecting sales of 26,600 units in 2022 STI is planning the same production level for 2022 as in 2021, 25,400 units. The variable manufacturing costs for STI are $20, and the variable selling costs are only $0.90 per unit. The fixed manufacturing costs are $203,200 per year, and the fixed selling costs are $540 per year. Required: 1. Prepare an income statement for each year using full costing, 2. Prepare an income statement for each year using variable costing 3. Prepare a reconciliation of the difference each year in the operating income resulting from the full and variable costing methods Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare an income statement for each year using full costing. (Round your final answers to nearest whole dollar amount) SECURITY TECHNOLOGY INCORPORATED Full Costing Income Statement Proy 3 of 3 Next Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Tum SECURITY TECHNOLOGY INCORPORATED Full Costing Income Statement 2021 $ 1,427,800 2022 $ 1.500,400 Sales Loss Cost of goods sold Beginning inventory Cost of goods produced S $ 0 711 200 33,600 711,200 Available for sale Loss Ending inventory 711.200 33,000 744.800 0 O 0 (677.600) 750.200 (744 800) 824.000 S $ Cost of goods sold Gross margin Less. Selling and administrative COM Variable Fixed > 21.780 540 23 940 540 22.320 727 880 Operating income 24.480 S800 120 $ Red Required 2 > Sales Less Cost of goods sold Beginning inventory Cost of goods produced $ 0 S E 24 000 508 000 508 000 532.000 Available for sale Loss Ending inventory SOB.000 24000 SS 0 Cost of goods sold Add Variable selling and Administrative 484000 21780 532,000 23 940 3 922020 5 1.013, 460 Contribution margin LOS Food manufacturing costs 203 200 203 200 Loss Solling and administrativo costs Foxed 560 5:40 5 922020 S1013460 Conibution margin Less Food manufacturing costs 203 200 203 200 > Lens Selling and administrative costs Fixed 540 S 40 5 922020 S1013460 Conibution margin Less Food manufacturing costs 203 200 203 200 > Lens Selling and administrative costs Fixed 540 S 40 Step by Step Solution
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