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please i need the answers in thus format Tami Tyler opened Tami's Creations, Incomporated, a small manufacturing company, at the beginning of the year. Getting
please i need the answers in thus format
Tami Tyler opened Tami's Creations, Incomporated, a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has Just completed a course in managerlal accounting at State University. Ms. Tyler is discouraged over the loss shown for the quartec, particularly because she had planned to use the statement as support for a bank ioan. Another friend, a CPA insists thot the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some proft for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (joss) for the quaten? c. Aeconcile the vatiabie and absorption costing net operating income (oss) figures. 3. During the second quarter of operations, the company ogain produced 31,600 units but sold 34,600 units. (Assume no change in a bank loan. Another friend, a CPA insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first. guarter follow: Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconclie the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. (Assume no change in total fixed costs) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income floss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. Complete this question by entering your answers in the tabs below. Compute the unit product cost under absorption costing. (Round your doswer to 2 decmat places?) a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconclie the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. Complete this question by entering your answers in the tabs below. What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconclle the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. (Assume no change is total fixed costs) 3. What is the company's variable costing net operating income (loss) for the second qarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconclie the variable costing andabsorption costing net operating incomes (losses) for the second quarter. Complete this question by entering your answers in the tabs below. Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) reconcue the vanabie cosung and absorpuon costing net operaung incomes (iosses) ror me secona quarter. Complete this question by entering your answers in the tabs below. During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. (Assume no chang in total fixed costs.) What is the company's variable costing net operating income (loss) for the second quarter? (Round your intermediate calculations to 2 decimal places.) total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. Complete this question by entering your answers in the fabs below. During the second quarter of operations, the company again produced 31,600 'units but sold 34,600 units. (Assume no change In total fixed costs.) What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to 2 decimal places.) Variable selling and adainistrative $6.60 Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss)for the second quarter? c. Reconcile the variable costing and absorption costing net operating itcomes (losses) for the second quarter. Complete this question by entering your answers in the tabs below. During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. (Assume no change in total fixed costs.) Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter: (Losses and deductions should be entered as a negative.) 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