Required information [The following information applies to the questions displayed below) Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow Sales (548 per unit) Cost of goods sold (533 per unit) Gross margin Selling and administrative expenses Net Income $1,152,000 $2,112, 792,000 1,452.000 360,000 660,000 305,000 155,000 55,000 $305.000 Additional Information a Sales and production data for these first two years follow Units produced Units sold 2018 2019 34,000 34.000 24.000 44.000 ich O 11 a E 0 & 3 4 5 6 7 00 9 R T Y P G educom/et/map/indexchat con contexternal world unchiliahills Help amework a Sales and production data for these first two years follow Units produced Units sold 34.000 34.000 24.000 44.00 b. Variable cost per unit and total fixed costs are unchanged during 2018 and 2019 The company's 533 per unit product cost consists of the following 5.4 Direct materials Direct labor Variable overhead Fixed overhead 500,000/34.000 units) Total product cost per unit 11 c Selling and administrative expenses consist of the following Variable selling and intrattex 42.5 par unit Fleed selling and sinistratives 2011 $ 60,000 $110.000 245.000 245.000 Orch o a hp 40 8. 3 4 5 6 7 8 0 E R . Y U O P 5252Fleaberty.edu webu omework Help Selling and administrative expenses consist of the following Variable selling and administrative expenses (52.5 per unit) Fixed selling and administrative expenses Total selling and administrative expenses 60,000 $110,000 245, 245,00 $ 305, $355.000 2. Prepare a table as in Exhibit 612. to convert variable costing income to absorption costing income for both 2018 and 2019. (Loss amounts should be entered with a minus sign.) DOWELL COMPANY Recent of Vurbo Corting Inconto Alisonline Casing Income 2018 Valable costing income oss) 2019 Atsorption costing income oss) Search O 2 thp S & 3 4 5 6 7 8 9 e E 20 . U Required information [The following information applies to the questions displayed below) Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow Sales (548 per unit) Cost of goods sold (533 per unit) Gross margin Selling and administrative expenses Net Income $1,152,000 $2,112, 792,000 1,452.000 360,000 660,000 305,000 155,000 55,000 $305.000 Additional Information a Sales and production data for these first two years follow Units produced Units sold 2018 2019 34,000 34.000 24.000 44.000 ich O 11 a E 0 & 3 4 5 6 7 00 9 R T Y P G educom/et/map/indexchat con contexternal world unchiliahills Help amework a Sales and production data for these first two years follow Units produced Units sold 34.000 34.000 24.000 44.00 b. Variable cost per unit and total fixed costs are unchanged during 2018 and 2019 The company's 533 per unit product cost consists of the following 5.4 Direct materials Direct labor Variable overhead Fixed overhead 500,000/34.000 units) Total product cost per unit 11 c Selling and administrative expenses consist of the following Variable selling and intrattex 42.5 par unit Fleed selling and sinistratives 2011 $ 60,000 $110.000 245.000 245.000 Orch o a hp 40 8. 3 4 5 6 7 8 0 E R . Y U O P 5252Fleaberty.edu webu omework Help Selling and administrative expenses consist of the following Variable selling and administrative expenses (52.5 per unit) Fixed selling and administrative expenses Total selling and administrative expenses 60,000 $110,000 245, 245,00 $ 305, $355.000 2. Prepare a table as in Exhibit 612. to convert variable costing income to absorption costing income for both 2018 and 2019. (Loss amounts should be entered with a minus sign.) DOWELL COMPANY Recent of Vurbo Corting Inconto Alisonline Casing Income 2018 Valable costing income oss) 2019 Atsorption costing income oss) Search O 2 thp S & 3 4 5 6 7 8 9 e E 20 . U
