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please conplete A-E See Absorption vs Variable Costing Daily Activity Rainbow Concrete Corporation has provided the following data for its two most recent years of
please conplete A-E
See Absorption vs Variable Costing Daily Activity Rainbow Concrete Corporation has provided the following data for its two most recent years of operation: Selling price per unit $94 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year 6136,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory \begin{tabular}{|r|r|} \hline Year 1 & Year 2 \\ \hline 0 & 2,000 \\ \hline 18,000 & 15,000 \\ \hline 16,000 & 16,000 \\ \hline 2,000 & 1,000 \\ \hline \end{tabular} Complete (a) through e) d. Assume the compary uses varable costing. Prepare an income statement for each yote: 6. Prepake a report in good form teconcling the variable cossing and absorption costing net incernes Step by Step Solution
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