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Please ans all of these. I will give an upvote. Problem #1 30.0 points possible (graded, results hidden) The manufacturing and selling data for Lost
Please ans all of these. I will give an upvote.
Problem #1 30.0 points possible (graded, results hidden) The manufacturing and selling data for Lost Online Inc. for the year 2019 is given below: -- Selling price $26 /kg Sales 76000 kg Finished goods (beginning)... 11670 - - Finished goods (ending)......... 16730 $6 /kg Manufacturing costs: --- Variable.............. -- Fixed...... $300000 /year Selling and administrative expenses: -- Variable........... $2 /kg - Fixed............ $290000 /year Prepare the followings: [use the table below to answer section (a), (b) and (c). Answer section (d) in the box following the table] NOTE: the CHECK button is the SUBMIT button in such tabular problems. (a) Income statement using absorption costing. (b) Income statement using variable costing. (c) Reconciliation of net operating income (d) Explain the differences in net operating income between the two methods. (a) Absorption costing income statement Details $ $ text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric (b) Variable costing income statement Details $ $ text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric text response numeric numeric (c) Reconciling the net income of the two methods Details $ text response numeric text response numeric text response numericStep by Step Solution
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