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Needed ASAP Skinny Dippers inc. produces nonfat frozen yogurt. The product is sold in ten-gallon containers, which have the following price and variable costs Budgeted
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Skinny Dippers inc. produces nonfat frozen yogurt. The product is sold in ten-gallon containers, which have the following price and variable costs Budgeted fixed overhead in 201, the company's first year of operations, was $270,000. Actual production was 90,000 ten-gallon containers, of which 81,000 were sold. Skinny Dippers inc incurred the following selling and administrative expenses. Required: 1. Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing 2-0. Prepare an operating income statement for 20x1 using absorption costing. 2b. Prepare an operating income statement for 201 using variable costing 3. Reconcle the operating income reported under the two methods by listing the two key places where the income statements differ 4. Reconcile the operating income reported under the two methods using the shoricut method 2-b. Prepare an operating income statement for 201 using variable costing. 3. Reconcile the operating income reported under the two methods by listing the two key places where the inco 4. Reconcile the operating income reported under the two methods using the shortcut method. Complete this question by entering your answer in the tabs below. Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. Prepare an operating income statement for 201 using absorption costing. Prepare an operating income statement for 201 using variable costing. Reconcile the operating income reported under the two methods by listing the two key places where the income statements differ. Reconcile the operating income reported under the two methods using the shortcut method Step by Step Solution
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