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need ans of a,b c and d The manufacturing and selling data for Lost Online Inc. for the year 2019 is given below:- --- Selling
need ans of a,b c and d
The manufacturing and selling data for Lost Online Inc. for the year 2019 is given below:- --- Selling price $24/kg --- Sales ...... 75400 kg --- Finished goods (beginning... 11900 - Finished goods (ending)...... 16920 Manufacturing costs: --- Variable......... --- Fixed....... $6/kg $300000 /year Selling and administrative expenses: --- Variable.............. $3/kg --- Fixed..... $290000 /year Prepare the followings: [use the table below to answer section (a), (b) and (c). Answer section (d) in the box following the table] NOTE: the CHECK button is the SUBMIT button in such tabular problems. (a) Income statement using absorption costing. (b) Income statement using variable costing. (c) Reconciliation of net operating income (d) Explain the differences in net operating income between the two methodsStep by Step Solution
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