Security Technology Incorporated (STI) is a manufacturer of an electronic control system used in the manufacture of certain specialduty auto transmissions used primarily for police and military applications. The part sells for $61 per unit and ST1 had sales of 24.300 units in the current year, 2021.5T1 had no inventory on hand at the beginning of 2021 and is projecting sales of 26.900 units in 2022 . STI is planning the same production level for 2022 as in 2021,25,600 units. The variable manufacturing costs for 5 TI are $22, and the variable selling costs are only $0.40 per unit. The fixed manufacturing costs are $128,000 per year, and the fixed selling costs are $560 per year. Requlred: 1. Prepare an income statement for each year using full costing. 2. Prepare an income statement for each year using variable costing. 3. Prepare a reconciliation of the difference each year in the operating income resulting from the full and variable costing methods. Complete this question by entering your answers in the tabs below. Security Technology Incorporated (STI) is a manufacturer of an electronic control system used in the manufacture of certain specialduty auto transmissions used primarily for police and military applications. The part sells for $61 per unit and STI had sales of 24,300 units in the current year, 2021. STI had no inventory on hand at the beginning of 2021 and is projecting sales of 26.900 units in 2022 . STI is planning the same production level for 2022 as in 2021,25,600 units. The variable manufacturing costs for ST are $22, and the variable selling costs are only $0.40 per unit. The fixed manufacturing costs are $128.000 per year, and the fixed selling costs are $560 per year. Requlred: 1. Prepare an income statement for each year using full costing. 2. Prepare an income statement for each year using variable costing. 3. Prepare a reconciliation of the difference each year in the operating income resulting from the full and variable costing methods. Complete this question by entering your answers in the tabs below. Security Technology Incorporated (STI) is a manufacturer of an electronic control system used in the manufacture of certain special- duty auto transmissions used primarily for police and military applications. The part sells for $61 per unit and ST1 had sales of 24,300 units in the current year, 2021.ST1 had no inventory on hand at the beginning of 2021 and is projecting sales of 26.900 units in 2022 . sTl is planning the same production level for 2022 as in 2021,25,600 units. The variable manufacturing costs for $T1 are $22, and the dariable selling costs are only $0.40 per unit. The fixed manufacturing costs are $128,000 per year, and the fixed selling costs are $560 per year. Requlred: Prepare an income statement for each year using full costing. 3repare an income statement for each year using variable costing. Prepare a reconciliation of the difference each year in the operating income resulting from the full and variable costing methods. Complete this question by entering your answers in the tabs below
