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Pharoah Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows: Units produced 19,300 pairs Units sold 18,000 pairs
Pharoah Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows: Units produced 19,300 pairs Units sold 18,000 pairs Selling price $205.00 per pair $926,400 714,100 Production information: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable marketing costs Fixed marketing costs 414,950 781,650 180,000 200,700 There was no beginning finished goods inventory. Reconcile the net incomes under throughput costing and variable costing.(Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to decimal places, e.g. 125.) Throughput-costing net income $ Costs deferred in ending inventory Variable-costing net income $
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