Please try to use the chart template for your answers

for Big Sky Creations. TIA!!

absorbtion and viariable costing for May AND June

Instructions During the first month of operations ended May 31, Big Sky Creations Company produced 56,000 designer cowboy boots, of which 52,450 were sold. Operating data for the month are summarized as follows 1Sales $859,200.00 2 Manufacturing costs $425.600.00 Direct materials 123,200 00 Direct Labor 67,200.00 Variable manufacturing cost 56,000.00 672,000.00 Fixed manufacturing cost Selling and administrative expenses $31,47000 Variable 57695.00 26.225.00 Fixed Instructions During June, Big Sky Creations produced 48,900 designer cowboy boots and sold 52.450 cowboy boots. Operating data for June are summarized as follows: 1Sales $839,200.00 2 Manufacturing costs Direct materials $371,64000 Direct labor 107,580.00 Variable manufacturing cost 58,680.00 Fixed manufacturing cost 56,000.00 593,900.00 7Selling and administrative expenses $51,470.00 Variable Fixed 26,225.00 57695.00 Fixed manufacturing cost 56,000.00 593,900.00 7 Selling and administrative expenses: 8 Variable $31,470.00 9 Fixed 26,225.00 57,695.00 Required: 1 Using the absorption costing concept, prepare income statements for (a) May and (b) June. 2. Using the variable costing concept, prepare income statements for (a) May and (b) June. 3a. Explain the reason for the differences in operating income in (1) and (2) for May 3b. Explain the reason for the differences in operating income in (1) and (2) for June Based on your answers to (1) and (2), did Big Sky Creations Company operate more profitably in May or in June? Explain 4. Be sure to complete the statement heading. Refer to the ist of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negiative. Absorption Costing Income Statement-May Sheded cells have feedbock la. Using the absorption costing concept, prepare income statements for May Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount For example: Net loss should be negative. Score: 24/65 Big Sky Creations Company Absorption Costing Income Statement For the Month Ended May 31 $839.20000 1Sales Cost of goods sold: Cost of goods manufactured $56,000 00 $57,695.00 Previous Check My Work Shaded cells have feedback Absorption Costing Income Statement-June 1b. Using the absorption costing concept, prepare income statements for June. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automaticalily appear if it is required. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount For example: Net loss should be negative Question not attempted. Score: 0/65 Big Sky Creations Company Absorption Costing Income Statement (Label) 2 Label) Previous Variable Costing Income Statement-May Shaded cells have feedback 2a. Using the variable costing concept, prepare income statements for May. Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative Score: 0/106 Big Sky Creations Company Variable Costing Income Statement (Label) 2Label) nabal Previous Check My Work Variable Costing Income Statement-June 2b. Using the variable costing concept, prepare income statements for June, Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact Shaded cells have feedhack wording of the answer choices for text entries. A colon () will automatically appear if it is required. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount For example: Net loss should be negative. Question not attempted. Big Sky Creations Company Score: 0/106 Variable Costing Income Statement (Label) Label) Previous Check My Work