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Kima Company manufactures and sells two models of a home appliance. The Standard model is a basic appliance with mostly manual features, while the Galaxy

Kima Company manufactures and sells two models of a home appliance. The Standard model is a basic appliance with mostly manual features, while the Galaxy model is highly automated. The appliances are produced to order, and there are no inventories at the end of the year.

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ima Company maiula ed te s ls of a home appllance. The Slaidald model is a basic appliance with mostly manual features, while the Galaxy model is highly automated. applianc sells year order, a The cost accounting system at Kima allocates overhead to products based on direct labor cost. Overhead in year 1, which just ended, was $2,956,250. Other data for year 1 for the two products follow: Sta (20 dModel $6.190,000 Model 2 000 unite $2,890,000 490,000 575,000 Sales revenue Direct materials 2,590,000 1,790,000 Direct labor Requ product line profits/loss for the Standard model and the Galaxy model for year 1. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign.) Profit/Loss Standard Galaxy produced or sold. (Negative amoun be n the Galaxy model in year by a minus sign.) to s,945,000. AsSsume all ot was the same for b. A study of overnead shows her revenus and cosis WO Compute product line profitsoss for the Galay ed meaw assuming th year Profits/Loss for Galaxy Model - Year 2

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