Please help me with this 4 requirements, and i need it by tonight. Thanks!
Saved Problem 6A-5 Super-Variable Costing, Variable Costing, and Absorption Costing Income Statements [L06-2, LO6-6] Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations: $ 35 Variable cost per unit: Direet materials Fixed costs per year: Direct labor Pixed manufacturing overhead Pixed selling and administrative expenses $ 518,000 $ 464,800 $ 80,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 28,000 units and sold 25,500 units. The selling price of the company's product is $77 per unit. Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 2. Assume the company uses a variable costing system that assigns $18.50 of direct labor cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. Required: 1. Assume the company uses super variable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 2. Assume the company uses a variable costing system that assigns $18.50 of direct labor cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 2B Req 3A Reg 4A Req 48 Compute the unit product cost for the year. Assume the company riable costing Unit product cost $ 28,000 Next b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable cost ag net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 2A Req 2B Req Reg 3B Req 4A Reg 4B Prepare an income statement for the year. Assume the company uses super-variable costing Bracey Company Super-Variable Costing Income Statement Sales Variable cost of goods sold Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expense 'Net operating income ( Req1A Reg 2A > a L une ure U VULL LUBLIU! Ure you b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 2B Req 3A Reg 38 Reg 4A Req 48 Compute the unit product cost for the year. Assume the company uses a variable costing system that assigns $18.50 of direct labor cost to each unit produced. (Round your answer to 2 decimal places.) Unit product cost Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 2A Reg 2B Req 3A Reg 3B Req 4A Reg 4B Prepare an income statement for the year. Assume the company uses a variable costing system that assigns $18.50 of direct labor cost to each unit produced. (Round your intermediate calculations to 2 decimal places.) Bracey Company Variable Costing Income Statement Fixed expenses: Reg 2A Reg 3A > Saved 2) b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Reg 2B Req 3A Reg 38 Reg 4A Req 4B Compute the unit product cost for the year. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced. (Round your answer to 2 decimal places.) Unit product cost Reg 38 > 3. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2A Reg 2B Req 3A Req 3B Req 4A Req 4B Reconcile the difference between the super variable costing and variable costing net operating incomes. Super-variable costing net operating income (loss) Variable costing net operating income (loss) 69/ 3. Assume the company uses an absorption costing system that assigns $18.50 of direct labor cost and $16.60 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Req 2B Req 3A Req 3B Req 4A Reg 4B Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Super-variable costing net operating income (loss) Absorption costing net operating income (loss) Reg 4A
