PO AccessUH X Question 1 - HW Chapter 7 - Cor x + X > C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.uh.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab_gr... * . .. Apps & Apple & Google MAC Home View Summary eCampus: Login Benefits of Leaders... eCampus: Login eCampus: Login . Management Tip: S.. eCampus: Login Ou Mail - Isabella Band... Benefits of Leaders... HW Chapter 7 i Saved Help Save & Exit Submit Check my work 1 Polar Industries manufactures a commerical size refrigerator for restaurants and commercial kitchens. The commercial refrigerators are sold for $874. Selected data for the company's operations last year follow: 16.66 points Units in beginning inventory Units produced 20,000 Skipped Units sold 17,000 Units in ending inventory 3, 000 Variable costs per unit: Direct materials 250 eBook Direct labor 390 Variable manufacturing overhead 63 Hint Variable selling and administrative 21 Fixed costs: Print Fixed manufacturing overhead $ 620,000 Fixed selling and administrative $ 820,000 References Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. 1. Absorption costing unit product cost 2. Variable costing unit product cost Mc Graw Hill Type here to search O N S N 2:29 PM ~ DO ( 13/26/2021PO AccessUH x Question 2 - HW Chapter 7 - Cor x + X > C D ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.uh.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab_gr... * . .. 1 : Apps & Apple Google MAC Home View Summary eCampus: Login Benefits of Leaders... eCampus: Login eCampus: Login . Management Tip: S... eCampus: Login 07 Mail - Isabella Band... Benefits of Leaders... HW Chapter 7 Saved Help Save & Exit Submit Check my work 2 Polar Industries manufactures a commerical size refrigerator for restaurants and commercial kitchens. The commercial refrigerators are sold for $970. Selected data for the company's operations last year follow: 16.66 points Units in beginning inventory Units produced 200 Skipped Units sold 180 Units in ending inventory 20 Variable costs per unit: Direct materials 130 eBook Direct labor 300 Variable manufacturing overhead 30 Hint Variable selling and administrative 15 Fixed costs: Print Fixed manufacturing overhead $ 63,000 Fixed selling and administrative $ 25,000 References The absorption costing income statement prepared by the company's accountant for last year appears below: Sales $ 174, 600 Cost of goods sold 139,500 Gross margin 35, 100 Selling and administrative expense 27,700 Net operating income 7, 400 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year 2. Prepare an income statement for last year using variable costing. What is the amount of the difference in net operating income between the two costing methods? Mc Graw Waiting for ezto.mheducation.com... O S N 2:29 PM Type here to search N A D ( () (3/26/2021PO AccessUH x Question 2 - HW Chapter 7 - Cor x + X > C D ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.uh.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab_gr... * . .. 1 : Apps & Apple Google MAG Home View Summary eCampus: Login Benefits of Leaders... eCampus: Login eCampus: Login . Management Tip: S. eCampus: Login Of Mail - Isabella Band.. Benefits of Leaders... HW Chapter 7 i Saved Help Save & Exit Submit Check my work 2 selling and auministraLive expense 21,100 Net operating income $ 7,400 Required: 16.66 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last points year? Skipped 2. Prepare an income statement for last year using variable costing. What is the amount of the difference in net operating income between the two costing methods? eBook Complete this question by entering your answers in the tabs below. Hint Print Req 1 Req 2A Req 2B References Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in inventory Req 1 Req 2A > Mc Graw Hill O N S N 2:30 PM Type here to search ~ DO () 3/26/2021PO AccessUH x Question 2 - HW Chapter 7 - Cor x + X > C D ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.uh.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab_gr... . .. 1 : Apps 3 Apple & Google MAG Home View Summary eCampus: Login Benefits of Leaders.. eCampus: Login eCampus: Login . Management Tip: S... eCampus: Login 07 Mail - Isabella Band.. Benefits of Leaders... HW Chapter 7 Saved Help Save & Exit Submit Check my work 2 Complete this question by entering your answers in the tabs below. 16.66 Req 1 Req 2A Req 2B points Skipped Prepare an income statement for last year using variable costing. Polar Industries eBook Variable Costing Income Statement Hint Print References 0 $ 0 Mc Graw Hill O N S m N 2:30 PM Type here to search ~ DO () 3/26/2021PO AccessUH x Question 2 - HW Chapter 7 - Cor x + X > C D ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.uh.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab_gr... . .. 1 : Apps & Apple & Google MAC Home View Summary eCampus: Login Benefits of Leaders... eCampus: Login eCampus: Login . Management Tip: S. eCampus: Login Ou Mail - Isabella Band.. Benefits of Leaders... HW Chapter 7 Saved Help Save & Exit Submit Check my work 2 Gross margin 35, 100 Selling and administrative expense 27,700 Net operating income $ 7, 400 16.66 Required: points 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Skipped 2. Prepare an income statement for last year using variable costing. What is the amount of the difference in net operating income between the two costing methods? eBook Complete this question by entering your answers in the tabs below. Hint Print References Req 1 Req 2A Req 2B What is the amount of the difference in net operating income between the two costing methods? Amount of the difference in net operating income Req 2A Req 2B > Mc Graw Hill S N 2:30 PM Type here to search O N ~ DO () 3/26/2021PO AccessUH x Question 3 - HW Chapter 7 - Cor x + X > C D ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.uh.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab_gr... * . .. 1 : Apps & Apple Google MAG Home View Summary eCampus: Login Benefits of Leaders.. eCampus: Login eCampus: Login . Management Tip: S... eCampus: Login 07 Mail - Isabella Band... Benefits of Leaders.. HW Chapter 7 Saved Help Save & Exit Submit Check my work 3 Required information Part 1 of 2 [The following information applies to the questions displayed below.] Innerspace Incorporated produces drones. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the 16.66 following data: points Year 1 Year 2 Year 3 Inventories eBook Beginning (units) 200 170 190 Ending (units) 170 190 240 Hint Variable costing net operating income $290,000 $279,000 $250,600 Print References The company's fixed manufacturing overhead per unit was constant at $500 for all three years. Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 2 Year 3 Variable costing net operating income Add (deduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income Mc Graw Hill Type here to search O N S O m N 2:31 PM ~ D O () 3/26/2021