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Problem 6A-5 (Algo) Super-Varlable Costing, Varlable Costing, and Absorptlon Costing Income Statements [LO6-2, LO6-6] Bracey Company manufactures and sells one product. The following information pertains
Problem 6A-5 (Algo) Super-Varlable Costing, Varlable Costing, and Absorptlon Costing Income Statements [LO6-2, LO6-6] Bracey Company manufactures and sells one product. The following information pertains to the companys first year of operations: The company does not incur any varlable manufacturing overhead costs or varlable selling and administrative expenses. During its first year of operations, Bracey pioduced 27,500 units and sold 25,100 units. The selling price of the company's product is $75 per unit Required: 1. Assume the company uses super-varlable costing: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 2 Assume the company uses a varlable costing system that assigns $18.00 of direct labor cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $18.00 of direct labor cost and $16.50 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4. a. Reconclle the difference between the super-varlable costing and varlable costing net operating Incomes. b. Reconclle the difference between the super-varlable costing and absorption costing net operating Incomes. Complele the question by entering vour answers in the tabs below. Compute the unt product cost for the year. Assume the company uses super-variable costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Assume the company uses super-variable costing. Complete this question by entering your answers in the tabs below. Compute the unit product cost for the year. Assume the company uses a variable costing system that assigns $18,00 of direct labor cost to each unit produced. Note: Round your answer to 2 decimal places. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Assume the company uses a variable costing system that assigns $18.00 of direct tabor cost to each unit produced. Noter Round your intermediate calculations to 2 decimal places. Complete this question by entering your answers in the tabs below. Compute the unit product cost for the year. Assume the company uses an absorption costing system that assigns $18.00 of direct labor cost and $16.50 of fuxed manufacturing overhead cost to each unit produced. Note: Round your answer to 2 decimal places. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Assume the company uses an absorption costing systern that assigns $18.00 of direct labor cost and $16.50 of fixed manufacturing overhead cost to each unit produced. Nete: Round your intermediate calculations to 2 decimal places. Complete this question by entering your answers in the tabs below. Reconcile the difference between the super-variable costing and variable costing net operating incomes. Complete this question by entering your answers in the tabs below. Reconcile the difference between the super-variable costing and absorption costing net operating incomes
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