Ogilvy Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations 3.32 points 25 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $1,242,00 $ 831.000 $ 260,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Ogilvy produced 69,000 units and sold 69.000 units. During its second year of operations, it produced 69,000 units and sold 65,400 units. In its third year, Ogilvy produced 69,000 units and sold 72,600 units. The selling price of the company's product is $59 per unit. Required: 1. Assume the company uses super variable costing: a. Compute the unit product cost for Year 1, Year 2. and Year 3. b. Prepare an income statement for Year 1 Year 2, and Year 3. 2. Assume the company uses a variable costing system that assigns $18 of direct labor cost to each unit produced: a. Compute the unit product cost for Year 1 Year 2, and Year 3. b. Prepare an income statement for Year 1 Year 2, and Year 3. 3. Reconcile the difference between the super-variable costing and variable costing net operating incomes in Years 1, 2 and 3. Complete this question by entering your answers in the tabs below Reg 1A Reg 1B Reg 2A Reg 28 Req3 Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses super variable costing. Req 1A Reg 1B Reg 2A Reg 2B Req3 Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses super-variable costing. Unit Product Cost Year 1 Year 2 Year 3 Complete this question by entering your answers in the tabs below. Req IA Reg 1B Reg 2A Req 2B Req3 Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses super-variable costing. References Ogilvy Company Super-Variable Costing Income Statement Year 1 Year 2 Year 3 Fixed expenses: Total fixed expenses Net operating income loss) Reg 1A Reg 2A > Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 28 Reg 3 Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses a variable costing system that assigns $18 of direct labor cost to each unit produced Unit Product Cost Year 1 Year 2 (Reg 1B Reg 28 > Reg 1A Reg 1B Reg 2A Reg 28 Reg 3 Prepare an Income statement for Year 1, Year 2, and Year 3. Assume the company uses a variable costing system that assigns $18 of direct labor cost to each unit produced. Hences Ogilvy Company Variable Costing Income Stement Year 1 Year 2 Year 3 Fixed expenses: Total faced expenses Net operating income (loss) Reg 2A Req3 > Complete this question by entering your answers in the tabs below. Seferences Reg LA Reg 1B Reg 2A Reg 28 Reg 3 Reconcile the difference between the super-variable costing and variable costing net operating incomes in Years 1, 2, and 3. Year 1 Year 2 Year 3 Super variable costing net operating income (loss) Variable costing net operating income (loss)
