Saved Help Save & Exit 9 Check Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: 10 points Variable costs per unit: Manufacturingi Direct materials Direct labor Variable manufacturing overhepd 29 10 eBook Hint Print Variable selling and administrative Pixed manufacturing overhead Fixed selling and administrative expenses $400,000 70,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $50 per unit Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1. 9 a. compute tne unit proauct cost or rear i ana rear b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1 Complete this question by entering your answers in the tabs below 10 points Req 1A Req 1B Req 2A Req 28 Req 3 eBook Hint Print Assume the company uses variable costing. Compute the unit product cost for year 1 and year2. ear Year 2 ReferencesUnit product cost Req 1B > Graw Chapter 6 Saved Help Save &E Che 9 Assume the company uses variable costing. Prepare an income statement for Year 1 and Year 2 Income Statement 10 points Year 1 Year 2 eBook Hint Print References Net operating income (loss) Prex 9 of 10 E Next b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1. Complete this question by entering your answers in the tabs below. 10 polnts Req 1A Req 18 Req 2A Req 2B Req 3 eBook Hint Print References Assume the company uses absorption costing. Compute the unit product cost for Year 1 and Year 2. (Round your answer to 2 decimal places.) Year 1 Year 2 Unit product cost Req 18 Req 28 9 Complete this question by entering your answers in the tabs below Req 1A Req 18 Req 2A Req 28 Req 3 10 points Assume the company uses absorption costing. Prepare an income statement for Year 1 and Year 2. (Round your intermedi calculations to 2 decimal places.) eBook Hint Print References Income Statement Year 1 Year 2 Req 3 ) Mc Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Req 2B Req Reconcile the difference between variable costing and absorption costing net operating income in deductions as a negative value.) Year 1. (Enter any losses or Year 1 Year 2 Variable costing net operating income (loss) ces Absorption costing net operating income (loss) Req 28
