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just 7-2A please with explaination too please Heres the Data needed along with rhe word problem EXERCISES-SET A LO2 23 Variable and Absorption Costing Chandler

just 7-2A please with explaination too please image text in transcribed
image text in transcribed
Heres the Data needed along with rhe word problem
image text in transcribed
EXERCISES-SET A LO2 23 Variable and Absorption Costing Chandler Company sells its product for $100 per unit. Variable manufacturing costs per unit are $40, and fixed manufacturing costs at the normal operating level of 10,000 units are $240,000. Variable selling expenses are $16 per unit sold. Fixed administrative expenses total $104,000. Chandler had no beginning inventory in 2019. During 2019, the company produced 10,000 units and sold 8,000. Would net income for Chandler Company in 2019 be higher if calculated using variable costing or using absorption costing? Calculate reported income using each method. 57.2A. Variable and Absorption Costing Service Company Lawn RX, Inc. prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Lawn RX provides a quarterly lawn care service that is sold for $140. The variable and fixed cost data are as follows: L02, 3 SERVICE ANE MERCHANDISIN 298 Chapter 7 Variable Costing: A Tool for Decision Making Cambridge Business LOZ P7-2A. Variable and Absorption Costing-Service Company Jensen's Tailori SERVICE AND ing services. After the company's first year of operations, its owner prepa MERCHANDISING rized data report for 2019: Tailoring provides custom er prepared the following Sales (500 completed jobs) .... Tailoring costs (550 jobs): ..$100,000 47.000 Direct labor... Manufacturing overhead: Variable Fixed. Operating expenses: Variable Fixed 12,000 9,000 5,600 Required 5,800 a. Prepare an income statement based on full absorption costing. (Round ending inventory nearest S.) b. Prepare an income statement based on variable costing. (Round ending inventory to the new c. Assume that you must decide quickly whether to accept a special one-time order to alte costumes for S125 per costume. Which income statement presents the most relevant de mine the apparent profit or loss on the special order based solely on these data P7-3A. Variable and Absorption Costing Scott Manufacturine mat manufacturing costs of $54, of which SA During 2019 and 200 LO2, 3 lensen's Tailoring provides custo enerations, its owner prepared the followin de and Absorption Costing-Service Company Jensen's Tailoring rices. After the company's first year of operations, its owner prepari ata report for 2019: Sales (500 completed jobs) ........ Tailoring costs (550 jobs): $100,000 47,000 Direct labor.. Manufacturing overhead: Variable Fixed... Operating expenses: Variable 12,000 9,000 Fixed.......... 5,600 5,800

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