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Required information The Chapter 6 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text. 2.
Required information The Chapter 6 Form worksheet is to be used to create your own worksheet version of the Review Problem in the text. 2. Change all of the numbers in the data area of your worksheet so that it looks like this: A B 1 Chapter 6: Applying Excel 2 $ 373 142 $ $ 3 Data 4 Selling price per unit 5 Manufacturing costs: 6 Variable per unit produced: Direct materials 7 Direct labor 9 Variable manufacturing overhead Fixed manufacturing overhead per year 10 Selling and administrative expenses: 11 Variable per unit sold 12 Fixed per year 13 57 8 $ $ 38 139,200 $ $ 77,000 14 Year 1 Year 2 15 0 16 Units in beginning inventory Units produced during the year Units sold during the year 2,400 17 2,900 2,600 2,600 18 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the net operating income (oss) in Year 1 under absorption costing? (b) What is the net operating income (loss) in Year 2 under absorption costing? (c) What is the net operating income (loss) in Year 1 under variable costing? (d) What is the net operating income (loss) in Year 2 under variable costing
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