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please urgent help. thank you so much. Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawailan celebrations, costume parties, and other
please urgent help. thank you so much.
Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawailan celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: Dance Creations charges $35 for each skirt that it sells. During the first month of operation, it made 1,840 skirts and sold 1,720. Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a contribution margin income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement 6. Suppose next month Dance Creations expects to produce 1,840 hula skirts and sell 1,940. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Complete this question by entering your answers in the tabs below. Assuming Dance Creations uses variable costing, calculate the varlable manufacturing cost per unit for last month. Note: Round your answer to 2 decimal places. Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawailan celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: Dance Creations charges $35 for each skirt that it sells. During the first month of operation, it made 1,840 skirts and sold 1,720 . Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a contribution margin income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement 6. Suppose next month Dance Creations expects to produce 1,840 hula skirts and sell 1,940. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Complete this question by entering your answers in the tabs below. Complete a contribution margin income statement for the last month. Dance Creations manufactures authentic Hawailan hula skirts that are purchased for traditional Hawailan celebrations, costume parties, and other functions, During its first year of business, the company incurred the following costs: Dance Creations charges $35 for each skirt that it sells. During the first month of operation, it made 1,840 skirts and sold 1,720 . Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a contribution margin income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement 6. Suppose next month Dance Creations expects to produce 1,840 hula skirts and sell 1940. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Complete this question by entering your answers in the tabs below. Assuming Dance Croations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. Note: Round your intermodiate calculations and final answer to 2 decimal places. Dance Creations manufactures authentic Hawaiian hula skits that are purchased for traditional Hawailan celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: Dance Creations charges $35 for each skirt that it sells. During the first month of operation, it made 1,840 skirts and sold 1,720 . Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a contribution margin income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement 6. Suppose next month Dance Creations expects to produce 1,840 hula skirts and sell 1,940. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Complete this question by entering your answers in the tabs below. Complete a full absorption costing income statement. Note: Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar. Dance Creations manufactures authentic Hawailan hula skirts that are purchased for traditional Hawailan celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: Dance Creations charges $35 for each skirt that it sells. During the first month of operation, it made 1,840 skirts and sold 1,720. Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a contribution margin income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement. 6. Suppose next month Dance Creations expects to produce 1,840 hula skirts and sell 1,940. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Complete this question by entering your answers in the tabs below. Suppose next month Dance Creations expects to produce 1,840 huls skirts and sell 1,940. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Note: Round your final answer to nearest whole dollar Step by Step Solution
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