Q2

- Sweet Acacia Corp.is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows: 19,200 pairs Units produced Units sold Selling price 17,700 pairs $220,00 per pair $1,017,600 691,200 Production information: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable marketing costs Fixed marketing costs 412,800 787,200 177,000 207,800 There was no beginning finished goods inventory. Marketing costs Fixed marketing costs Sales Fixed costs Gross profit Inventory, ending Costs of goods manufactured Variable marketing costs Total marketing costs Cost of goods available for sale Net income Inventory, beginning Cost of goods sold SWEET ACACIACorp. Income Statement Absorption Costing Production in units Sales in units Volume variance Inventory, beginning Costs of goods manufactured Net income Cost of goods available for sale Inventory, ending Sales Contribution margin Fixed costs Gross margin Variable cost of goods sold Variable marketing costs Selling and administrative expenses - / 20 Prepare a variable-costing income statement (Round per unit calculations to 2 decimal places, eg. 15.25 and final answers to o decimal places, eg. 125.) SWEET ACACIACorp. Income Statement-Variable Costing Production in units Sales in units Reconcile the net incomes under absorption costing and variable costing. Variable-costing net income Fixed MOH deferred in ending Inventory $ $ Absorption-costing net income $ Calculate the break-even point in sales units (pairs of skates) under the current cost structure. Break-even point units Prepare a throughput-costing income statement:(Round per unit calculations to 2 decimal places, eg 1525 and final answers to decimal places, es 125) SWEET ACACIACorp. Income Statement December 31, 2022 Month Ended December 31, 2022 Year Ended December 31, 2022 Production in units Sales in units S Throughput Costing Production in units Sales in units $ $ Reconcile the net incomes under throughput costing and variable costing. (Round per unit calculations to 2 decimal places, eg. 15.25 and final answers to decimal places, eg. 125.) Throughput-costing net income $ Costs deferred in ending inventory $ Variable-costing net income $