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please help fill this and the following exacty as planned The fos video games that it sels for $41 each. The company uses a fxed
please help fill this and the following
exacty as planned The fos video games that it sels for $41 each. The company uses a fxed manutacturing overhead albcaton rate of 55 per game. Assume al costs and production levels are. exacty as planned. The folowing data are from Arcade Away's frst two months in business (Click the ison to view the data.) Fread the reguirements. Requirement 1. Compute the product cost per game produced under absombion costing and under variable costing. Requirements 1. Compute the product cost per game produced under abserption costing and under vanable costing 2. Prepare menthly income statements for October and Noverter, including columns for each month and a total column, using these costing methods: a. absorption costing b. veriable costing 3. Is eperating income higher under absorption costing or varsble costing in October? in November? Explain the patfem of difterences in opetabing income tased on absorstion costrg versus variable costing 4. Detemme the balance in Finiahed Goods inventory on October 31 and Norember 30 under abiorption costing and variable costing. Compare the diflerences in inveriory balances and the diferences in eperating income. Explain the dfferences in inventory balances based en abierpton costing verus varistle costing exacty as planned The fos video games that it sels for $41 each. The company uses a fxed manutacturing overhead albcaton rate of 55 per game. Assume al costs and production levels are. exacty as planned. The folowing data are from Arcade Away's frst two months in business (Click the ison to view the data.) Fread the reguirements. Requirement 1. Compute the product cost per game produced under absombion costing and under variable costing. Requirements 1. Compute the product cost per game produced under abserption costing and under vanable costing 2. Prepare menthly income statements for October and Noverter, including columns for each month and a total column, using these costing methods: a. absorption costing b. veriable costing 3. Is eperating income higher under absorption costing or varsble costing in October? in November? Explain the patfem of difterences in opetabing income tased on absorstion costrg versus variable costing 4. Detemme the balance in Finiahed Goods inventory on October 31 and Norember 30 under abiorption costing and variable costing. Compare the diflerences in inveriory balances and the diferences in eperating income. Explain the dfferences in inventory balances based en abierpton costing verus varistle costing Step by Step Solution
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