Score: 0 of 10 pts 17 of 17 (16 compte HW Score: 85 81% 145.5 of 1 E21-20 (similar to In May 2018 Replen de produced 14,000 cases of powdered drink mix and sold 16,000 mes, of which 2.000 were produced in April. The total art production was 15.000 The price was 25. varlete compras manufacturing and $2 saling and administrative and total cost were $80,000 $56.000 manufacturing and 2.000 og and administrative) Raplende's May Income one using a conting blows Back the icon to view the variabile conting income tent) Read the rements 400000 Requirement 1. Prepare the May income statement using absorption costing Heplande Income Statement(Absorption Costing Month Ended May 31, 2018 Not Sales Revenge Cost of Goods Sold Variable Cost of Goods Sold 112000 Fixed Cost of Goods Sold 10000 Gross Pro Sering and Administrative Costs Variabit Selling and Adminive Corte 24000 Faxed Sing and Administrative Cocis 100.000 10000 208000 Nende Income Sweet Variable Casting Morth Ended May 3, 2018 NetSa Revenue 1 Variable on Vana Maructuring Dvd 1 10.000 Van Being and Adriven 7000 Cariston Mary Food Costa Fat Maturing wat 50.000 2.000 Fed Selling and America Costa Operating home 112001 1000 Operating income ndod Requirements 200 000 Print Dorie Choose from any list or enterary number in 1. Prepare the May income tamning option conting 2. seperting income using option costing higher or lower than variable costing income? Explain why Demine the balance in Fished Goods Inventory of May 31 Check 2. parts remaining Help In May 2018, Replende produced 14,000 cases of powdered drink mix and sold 16,000 cases, of which 2,000 were produced in April. The total April production was 15,000. The sales price was $25, variable costs were $7 per case (55 manufacturing and $2 selling and administrative), and total fixed costs were $80,000 ($56,000 manufacturing and $24,000 selling and administrative). Replende's May income statement using variable costing follows: (Click the icon to view the variable costing income statement.) Read the comment ReplenAde Income Statement (Absorption Costing) Month Ended May 31, 2018 Net Sales Revenue 400000 Cost of Goods Sold: Variable Cost of Goods Sold Fixed Cost of Goods Sold Gross Profit Selling and Administrative Costs: Variable Selling and Administrative Costs Fixed Selling and Administrative Costs Operating Income ther in the input fields and then click Check Answer hich 2,000 were produced in Ap ufacturing and $2 selling and Idministrative). ReplenAde's Ma 400,000 ReplenAde Income Statement (Variable Costing) Month Ended May 31, 2018 Net Sales Revenue Variable Costs: Variable Manufacturing Overhead 80,000 Variable Selling and Administrative Costs 32,000 Contribution Margin Fixed Costs: Fixed Manufacturing Overhead 56,000 24,000 Fixed Selling and Administrative Costs $ Operating Income Requirements Print 112.000 288,000 80,000 208.000 rom any list or enter any number in the 1. Prepare the May income statement using absorption costing 2. Is operating income using absorption costing higher or lower than variable costing income? Explain why. 3. Determine the balance in Finished Goods Inventory as of May 31. Ining ty May 2016, epide produced 14.000s of powdered drink and sold 16.000, of which 2.000 we produced April. The reproduction was 18.000. The price w $25 best w 17p muiduing and 12 ingveldo 0.000 0.00 ming od 24.000 de les May income tante contingut Requirement. Prepare May me sumetang totoong Handle neame tema / Casting 200000 comment Anna Cot Month Ended May 1, 2018 Nu e Re Cost of Good to Vw Gostot Good Bed Fred Costos od Www View what 3 0000 2000 12000 2000 Contibution or FO halam Dicking and Am C qurun 36.000 24.000 10.000 Open 1. Prepare the May income went on 2. is operating coming absorption costing higher wehan varable coincome? Explain why 1. Determine the wind and Inventory of May 31 Pin Done Print Done Choose from a list or any number in the Check