og Maps YouTube 3 News Popular Home Network Video: Fat Joe Teil Chicago Real Esta Other Bookmarks Seved Help Save & Exit Submit Walsh Company manufactures and sellis one product. The following information pertains to each of the company's first two years of 1 operations: SON Variable costs per unite Manufacturing Direct materials $ 29 Direct labor $11 Variable naturing overhead $5 Variable selling and administrative $4 Fixed coats per year: Tisced manufacturing overhead $ 320,000 Tixed selling and administrative expenses $ 50,000 During its first year of operations, Walsh produced 50,000 units and sold 40.000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $57 per unit. Required: 1. Assume the company uses variable costing Compute unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing a: Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1 Complete this question by entering your answers in the tabs below. RIA Res 10 Red 2A Reg 28 Rega Assume the company uses variable casting Compute the unit product cost for year I and year 2. Yes Un product M Gr 1 0 1 Nexd MacBook Pro Video Fate Tei Chicago Real Esta Saved During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of ope produced 40,000 units and sold 50,000 units. The selling price of the company's product is $57 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1 Complete this question by entering your answers in the tabs below. ROGIA Reg 1B Reg 2A Reg 28 Req3 Reconcile the difference between variable costing and absorption costing net operating income in Year 1. (Enter any losses or deductions as a negative value.) Year 1 Year 2 Variable couting net operating income (los) Add deducted manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income foss) Re20 ME ra Pe 1 of 1 II Next MacBook Pro SC G Search or type URL $ # 3 % 5 1 2 4 6 Q W E R T Y U 0 K Saved During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operation Sroduced 40,000 units and sold 50,000 units. The selling price of the company's product is $57 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1. Complete this question by entering your answers in the tabs below. Reg LB Reg 1A Reg 18 Req ZA Reg 3 Assume the company uses absorption costing. Prepare an income statement for Year 1 and Year 2. (Round your intermediate calculations to 2 decimal places.) Walsh Company Income Statement Year 1 Year 2 Net operating income (ons) Prey 1 of 1 !!! Next 11 ahoo! Google Maps me Network Video: Fat Joe Tell Saved Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Req 2B Reg 3 Assume the company uses variable costing. Prepare an income statement for Year 1 and Year 2. Walsh Company Income Statement 43 Year 1 Year 2 aces Net operating income (105) Mc Graw Prey 1 of 1 Next Video: Fat Joe Ten Chicago Real Esta. Saved During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of opera produced 40,000 units and sold 50,000 units. The selling price of the company's product is $57 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1. Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2A Req 28 Req3 Assume the company uses absorption costing, Compute the unit product cost for Year 1 and Year 2. (Round your answer to 2 decimal places.) Year 1 Year 2 Unit product cost