Saved apter 7 Graded Homework 2 B nts Skipped Variable costs per unat: Manufacturing: Direct materials $ 13 Direct labor $ 10 variable manufacturing over head $ 3 Variable selling and administrative $ 3 Fixed costs per year Fixed manufacturing overhead $ 352,000 Fixed selling and administrative $ 262,000 During the year, the company produced 32,000 units and sold 27.000 units. The selling price of the company's produ Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. eBook Hint Print Reference Complete this question by entering your answers in the tabs below. Req 1A Req 18 Reg 2A Req 28 Compute the unit product cost. Assume that the company uses absorption costing Unit product cost Req18 > Seved Chapter 7 Graded Homework 7 2 gurer you willy PivUCEU DAVUUS OU SUI LIVUDY II Urure Company PROUD Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an Income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare on Income statement for the year. 178 points shipped Complete this question by entering your answers in the tabs below. Hint Print Reg 1A Reg 10 Req 2A Reg 20 References Prepare an income statement for the year. Assume that the company uses absorption costing, Lynch Company Absorption Costing Income Statement $ 0 hapter 7 Graded Homework 2 178 points During the year, the company produced 32,000 units and sold 27,000 units. The selling price of the company's product is Required: 1. Assume that the company uses absorption costing: a Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing a. Compute the unit product cost. b. Prepare an income statement for the year. Skipped Book . Complete this question by entering your answers in the tabs below Hint Print Reg 1A Reg 1B Reg 2A Req 28 References Compute the unit product cost. Assume that the company uses variable costing. Unit product cost Saved Chapter 7 Graded Homework 2 Complete this question by entering your answers in the tabs below. Req 1A Reg 13 Reg 2A Reg 28 178 points Prepare an income statement for the year. Assume that the company uses variable costing. Sipped Lynch Company Variable Costing Income Statement Hind Pres References 0 0 0 $ 0
