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QS 19-11 Converting variable costing income to absorption costing LO P3 Diaz Company reports the following variable costing income statement for its single product. This

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QS 19-11 Converting variable costing income to absorption costing LO P3 Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 56,000 units, but its production was 86,000 units. It had no beginning finished goods Inventory for the current period. DIA COMPANY Income statement Variable Costing) Sales (56,000 units * 566.00 per unit) $3696,000 Variable expenses Variable manufacturing expense (56,000 units $28.60 per unit) 1.601,600 Variable selling and admin. expense (56,000 units 55.60 per unit) 313,600 Total variable expenses 1.915,200 Contribution margin 1,780,800 Fixed expenses Fixed overhead 395,600 Fixed selling and administrative expense 192,800 Total fixed expenses 593,400 Net income $1,187,400 nces 1. Convert Diaz's variable costing income statement to an absorption costing income statement 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Required 1 Required 2 Center butir 1. Convert Diaz's variable costing income statement to an absorption costing income statement 2. Fill in the blanks: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Convert Diaz's variable costing income statement to an absorption costing income statement. DIAZ COMPANY Absorption Costing Income Statement Selling general and administrative expenses Net income (loss) Required 1 Required 2 1. Convert Diaz's variable costing income statement to an absorptin costing income statement 2. Fill in the blanks: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the blanks: (round the fixed overhead per unit to two decimal places.) units fixed overhead por unit The dollar difference in variable conting income and absorption conting income

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