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pls help?! Reunion Enterprises produces a video streaming device for homes. The company data for the first two years of operations follows: Variable conta per
pls help?!
Reunion Enterprises produces a video streaming device for homes. The company data for the first two years of operations follows: Variable conta per units Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Tixed costs per year Fixed manufacturing ovechend Trend selling and administrative expenses 3 . $ 22 12 3 2 $320,000 $ 90,000 ce During its first year of operations, Reunion produced 50,000 units and sold 40,000 units. During its second year of operations, It produced 40,000 units and sold 50,000 units. The selling price of the company's product is $84 per unit. Required: 1. Assume the company uses variable costing a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating Income In Year Complete this question by entering your answers in the tabs below. Reg 1 R15 G2A en 28 www. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 28 Reg 3 Assume the company uses variable costing. Prepare an income statement for Year I and Year 2. Reunion Enterprises Income Statement Years Year 2 0 0 0 0 0 0 Net operating income (los) S os o produced 40,000 units and sold 50,000 units. The selling price of the company's product is $84 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating Income in Year 1. Complete this question by entering your answers in the tabs below. Req IA Req 1B Reg 2A Req 20 Reg 3 Assume the company uses absorption costing. Compute the unit product cost for Year 1 and Year 2. (Round your intermediate calculations and not answers to 2 decimal places.) Year Year 2 Unit product.com Complete this question by entering your answers in the tabs below. Req1A Reig 10 Req ZA Reg 28 Req3 Assume the company uses absorption costing. Prepare an income statement for Year 1 and Year 2. (Round your Intermediate calculations to 2 decimal places.) Reunion Enterprises Income Statement Yon 1 Your Net operating income (los) 0 05 Req2A Reg 3 > Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Reg 2A Reg 28 Reg 3 Reconcile the difference between variable costing and absorption costing net operating income in Year 1. (Enter any losses or deductions as a negative value. Round your intermediate calculations to 2 decimal places.) Year! Yoar 2 Variable costing net operating income (los) Absorption costing net operating Income (loss) Reg 28 Step by Step Solution
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