pints Skipped Walton Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products. Units Year Produced Units Sold Production and Sales Year 2 4,000 4,000 Year 3 6,000 4,000 Cost Data Direct materials $ 14.60 per unit Direct labor $ 22.60 per unit Manufacturing overhead-variable $ 11.10 per unit Manufacturing overhead-fixed Variable selling and $99,000 administrative expenses sold Fixed selling and administrative expenses $55,000 eBook eference $ 7.50 per unit (Assume that selling and administrative expenses are associated with goods sold) Walton sells its products for $109.50 per unit. Required . Prepare income statements based on absorption costing for Year 2 and Year 3. b. Since Walton sold the same number of units in Year 2 nd Year 3. why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3. . Prepare Income statements based on variable costing for Year 2 and Year 3. Complete this question by entering your answers in the tabs below. Reg A Reg A Year 2 Reg B ReqE Year 3 Reg D Reg E Year 2 Year 3 Prepare Incometements based on absorption costing for Year 2. (Do not round Intermediate calculations.) WALTON MANUFACTURING Absorption Costing Income Statement For the Year Ended Dec. 31, Year 2 Cost of Goods Solid Direct mais o 0 Reg A Year 3 > Walton Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products, Units Sold 4,000 4,000 Units Year Produced Production and Sales Year 2 4,900 Year 3 6,000 Cost Data Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Variable selling and administrative expenses Fixed selling and administrative expenses $ 14.60 per unit $ 22.6per unit $ 11.10 per unit $99,000 ce $ 7.5e per unit sold $55,000 (Assume that selling and administrative expenses are associated with goods sold.) Walton sells its products for $109.60 per unit Required a. Prepare income statements based on absorption costing for Year 2 and Year 3. b. Since Walton sold the same number of units in Year 2 and Year 3, why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3. Prepare income statements based on variable costing for Year 2 and Year 3. Complete this question by entering your answers in the tabs below. Req A Abq A Reg E Year 2 Yar 3 Req B ReqE Req D Year 2 Year 3 Prepare income statements based on absorption costing for Year 3. (Do not round Intermediate calculations.) WALTON MANUFACTURING Absorption Coating Income Statement For the Year Ended Dec 31, Year 3 Cost of Goods Sold Walton Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products. Units Year Produced Units Sold Production and Sales Year 2 4,000 4,000 Year 3 6,000 4,000 Cost Data Direct materials $ 14.6@ per unit Direct labor $ 22.60 per unit Manufacturing overhead-variable $ 11.10 per unit Manufacturing overhead-fixed $99,000 Variable selling and administrative expenses sold Fixed selling and administrative expenses $55,000 $ 7.5 per unit (Assume that selling and administrative expenses are associated with goods sold.) Walton sells its products for $109.60 per unit. Required a. Prepare income statements based on absorption costing for Year 2 and Year 3. b. Since Walton sold the same number of units in Year 2 and Year 3, why did net income increase in Year 3? d. Determine the costs of ending Inventory for Year 3. Prepare income statements based on variable costing for Year 2 and Year 3. Complete this question by entering your answers in the tabs below. Req A Req A Year 2 Peg B Req E Reg D Year 3 ReqE Year 2 Year 3 Since Levine sold the same number of units in Year 2 and Year 3, why did net income Increase in Year 3? Why did net income increase In Year Walton Manufacturing pays its production managers a bonus based on the company's profitability. During the tu recent years, the company maintained the same cost structure to manufacture its products. Units Year Produced Units Sold Production and Sales Year 2 4,000 4,000 Year 3 6,000 4,000 Cost Data Direct materials $ 14.60 per unit Direct labor $ 22.60 per unit Manufacturing overhead-variable $ 11.10 per unit Manufacturing overhead-fixed $99,000 Variable selling and administrative expenses sold Fixed selling and administrative expenses $55,000 $ 7.5 per unit (Assume that selling and administrative expenses are associated with goods sold) Walton sells its products for $109.60 per unit. Required a. Prepare income statements based on absorption costing for Year 2 and Year 3. b. Since Walton sold the same number of units In Year 2 and Year 3. why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3. e. Prepare income statements based on variable costing for Year 2 and Year 3. Complete this question by entering your answers in the tabs below. Req A Req A Year 2 Reg B Req E Year 3 Regid Reg E Year 2 Year 3 Determine the costs of ending Inventi Reg D * 3. (Do not round Intermediate calculations.) Ending blems Walton Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products. Units Year Produced Units Sold Production and Sales Year 2 4,000 4,000 Year 3 6,000 4,000 Cost Data Direct materials $14.60 per unit Direct labor $ 22.60 per unit Manufacturing overhead-variable $ 11.10 per unit Manufacturing overhead-fixed $99,000 Variable selling and administrative expenses Fixed selling and administrative expenses $55,000 $ 7.5e per unit sold Assume that selling and administrative expenses are associated with goods sold) Walton ses its products for $109.60 per unit Required - Prepare income statements based on absorption costing for Year 2 and Year 3. b. Since Walton sold the same number of units in Year 2 and Year 3, why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3 . Prepare income statements based on variable costing for Your 2 and Year 3. Complete this question by entering your answers in the tabs below. Red A Reg A Year 2 Req B Year 3 Req D Req Req E Year 2 Year 3 Prepare income statements based on variable costing for Year 2. (Do not round intermediate calculations.) WALTON MANUFACTURING Variable Costing Income Statement For the Year Ended Dec. 31. Year 2 Variable costs 0 Walton Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products, Units Year Produced Units Sold Production and Sales Year 2 4,000 4,000 Year 3 6,000 4,000 Cost Data Direct materials $ 14.68 per unit Direct labor $ 22.60 per unit Manufacturing overhead-variable $ 11.10 per unit Manufacturing overhead-fixed $99,000 Variable selling and administrative expenses sold Fixed selling and administrative expenses $55,000 $ 7.50 per unit (Assume that selling and administrative expenses are associated with goods sold) Wolton sells its products for $109.60 per unit. Required a. Prepare income statements based on absorption costing for Year 2 and Year 3 b. Since Walton sold the same number of units in Year 2 and Year 3. why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3. e. Prepare income statements based on variable costing for Year 2 and Year 3. Complete this question by entering your answers in the tabs below. Reg A Req A Year 2 Req B Req E Year 3 Req D Req Year 2 Year's Prepare income statements based on variable costing for Year 3. (Do not round Intermediate calculations.) WALTON MANUFACTURING Variable Costing Income Statement For the Year Ended Dec 31 Year 3 Variable costs