required 1-3

During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: points Sales (@525 per unit) Cost of goods told ( 318 per unit) Gross margin Selling and administrative expenses Net operating Income Year 1 5 1,000,000 720,000 280,000 210,000 5.70,000 Year 2 $ 1,250, 900.000 350,000 230,000 $ 120,000 Bo "$2 per unit variable: $130,000 fixed each year Print The company's $18 unit product cost is computed as follows: ces 5.4 Obrest materials Director Variable manufacturing overhead Fixed Manufacturing overhead (5270,000 45,000 units) Absorption conting unit product cost 1 18 Production and cost data for the first two years of operations are Units produced units cold Year 1 45,000 10,000 Year 2 45.000 50,000 Required: Mc Graw Hill O my work $4 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($270,000 + 45,000 units) Absorption costing unit product cost 1 6 $ 18 Production and cost data for the first two years of operations are Units produced Units sold Year 1 45,000 40,000 Year 2 45,000 50,000 ces Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 22 3. Reconcile the absorption costing and the variable costing net operating income figures for each year, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using variable costing, what is the unit product cost for both years? VERLUSSUU O, Required: 1. Using vanable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3 Reconcile the absorption costing and the variable costing net operating income figures for each year, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 nces Using variable costing, what is the unit product cost for both years? Unit product cost Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 ces What is the variable costing net operating income in Year 1 and in Year 2? Year 1 Year 2 Net operating income (loss) LYRICWIKOA 3. Reconcite the absorption costing and the variable costing net operating income figures for each year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 ok Reconcile the absorption costing and the variable costing net operating Income figures for each year. (Enter any losses de deductions as a negative value) nes Year Reconciliation of Variable Costing and Absorption Costing Net Operating incomes Year 1 Variable costing net operating Income (loss) Add (deduct) foxed manutacturing overhead deferred in (reloased from inventory under brorption costing Absorption costing net operating income (los)