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please help answer. your time and efforts are grealty appreicated. please answer in tablua form Prepare an income statement under variable costing. Santana Rey expects
please help answer. your time and efforts are grealty appreicated. please answer in tablua form
Prepare an income statement under variable costing. Santana Rey expects sales of Business Solutions' line of computer workstation furniture to equal 300 workstations (at a sales price of $3,500 each) for 2021 . The workstations' manufacturing costs include the following. Selling and administrative expenses for these workstations follow. Santana is considering how many workstations to produce in 2021. She is confident that she will be able to sell any workstations in her 2021 ending inventory during 2022 . However, Santana does not want to overproduce as she does not have sufficient storage space for many more workstations. Required: 1. Complete the following income statements using absorption costing. 2. Complete the following income statements using varlable costing. 3. Which costing method, absorption or varlable, yields the higher income wipn 320 workstations are produced and 300 are sold? Complete this question by entering your answers in the tabs below. Required information [The following information applies to the questions displayed below] Aces incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,350 rackets and sold 5,080. Each racket was sold at a price of $90. Fixed overhead costs are $82,550 per year, and fixed selling and administrative costs are $66,000 per year. The company also reports the following per unit variable costs for the year. Prepare an income statement under variable costing. Complete the following income statements using absorption costing. Complete the following income statements using variable costing Step by Step Solution
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