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Please I really need help! Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follews:
Please I really need help! Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follews: The company's selling and administrative expenses consist of $307,500 per year in fiwed expenses and $5 per unit sold in yariabie expenses. The $22 unit product cost given above is computed as follows: Required: 1. Redo the companys income statement in the contribution format using variabie costing. 2. Reconcile any difference besween the net operating income on your variable costing income statement and the net operating income on the obsorption costing income statement above. income on the abtoreton coitiag incomse statement atiove? Complete this questibn by emtering vour antwers in the tabe below. Ilads the eempanph itrome stariement is the teatritubon formar using varabat consting Aequired: 1. Hedo the compamys income statement in the contribution format using variabie costing: 2. Aeconcile any difference between the not operating income on your variable costing income statement and the net operating ancome on the absarption costing income statement above. Complete this guestien by entering your answers in the tabs belew. Meconole any diference betwesn the not operating incorne on your variable costing inceme statement and the net operating income on the absorption costing inceme statement above. (Enter any losses or deductions as a negative value.)
Please I really need help!
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