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please help me find the solution to the operating income under variable costing here is the income statements for absorption costing and variable costing from
please help me find the solution to the operating income under variable costing
here is the income statements for absorption costing and variable costing from the previous questions
thank you!
Skinny Dippers Inc. produces nonfat frozen yogurt. The product is sold in five-gallon containers, which have the following price and variable costs. Budgeted fixed overhead in 20x1, the company's first year of operations, was $300,000. Actual production was 150,000 five-gallon containers, of which 125,000 were sold. Skinny Dippers Inc. incurred the following selling and administrative expenses. Required: 1. Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. 2-a. Prepare an operating income statement for 201 using absorption costing. 2-b. Prepare an operating income statement for 201 using variable costing. 3. Reconcile the operating income reported under the two methods by listing the two key places where the income statements differ. 4. Reconcile the operating income reported under the two methods using the shortcut method. econcile the operating income reported under the two methods by listing the two key places where the income statements iffer. Prepare an operating income statement for 201 using absorption costing. Prepare an operating income statement for 201 using variable costingStep by Step Solution
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