n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory 0 Units Produced 24,000 Units Sold 19,200 Selling Price per Unit $144 Variable Sales and Administration Expenses $4 Fixed Sales and Administration Expenses $931,200 Direct Material Cost per Unit $25 Direct Labor Cost per Unit $10 Variable Manufacturing Overhead Cost per Unit $2 Fixed Manufacturing Overhead Cost per Month $938,400 Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank Appliance Apps Income Statement: Absorption Sales 2,764,800 Cost of Goods Sold: Operating Expenses x 1,303,680 X Sales X 76,800 X Variable Costs X $ 76,800 X Check My Work Previous Email Instructor Save and Exit Submit Assignment takeAssignment/takeAssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false eBook Calculator Variable Costs X 76,800 X Sales X 2,764,800 Total Cost of Goods Sold 48,000 x Contribution Margin X 2,486,400 Sales and Administrative Expenses: Variable 76,800 Fixed 938,400 X Total Fixed Sales and Administrative Expenses 931,200 Net Operating Loss X 540,000 Feedback Check My Work Absorption costing includes all costs necessary for production. Conversely, variable costing only uses the variable costs that relate directly to the production pro in mind when calculating net income under each assumption. Depending on the cost method chosen, there will be differences due to the way fixed costs are tre each method (absorption and variable). Prepare an income statement under the variable costing method. If an amount box does not require an entry, leave it blank. Appliance Apps Income Statement: Variable Check My Work Previou: Email Instructor Save and Exit Submit Ass m/ilm/take Assignment/take AssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false eBook Calculator Appliance Apps Income Statement: Variable Sales 2,764,800 Cost of Goods Sold: Operating Expenses x Variable Costs X Operating Expenses X Sales X 2,764,800 x Total Cost of Goods Sold 2,486,450 Contribution Margin X 2,486,450 X Sales and Administrative Expenses: 38,400 Variable Gross Contribution Margin X 2,409,600 Fixed Sales and Administrative Expenses 938,400 Fixed Manufacturing 931,200 931,200 Total Fixed Sales and Administrative Expenses 540,000 X Net Operating Loss X Feedback Check My Work Email Instructor Save and Exit Gross Contribution Margin x 2,409,600 Fixed Sales and Administrative Expenses 938,400 X Fixed Manufacturing 931,200 X Total Fixed Sales and Administrative Expenses 931,200 x Net Operating Loss X $ 540,000 X Feedback Check My Work Absorption costing includes all costs necessary for production. Conversely, variable costing only uses the variable costs that relate directly to the production process. in mind when calculating net income under each assumption. Depending on the cost method chosen, there will be differences due to the way fixed costs are treated u each method (absorption and variable). Prepare a reconciliation between the two statements. Reconciliation Net Income under Variable Costing 295,680 Add: Fixed Manufacturing Overhead Deferred 244,320 Net Income under Absorption 540,000 Check My Work Previous Email Instructor Save and Exit Submit Assignment fo