Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows.1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing.

mework %252Fsection to Help Sims Company, a manufacturer of tablet computers, began operations on January 1 2019. Its cost and sales information for this year follows. 5 40 per unit 6 per 49 perut facturing costs Direct materials Diret labor Over costs Variable Tixed Send sinistrative for the year Variable Production and sales for the year Units produced Units sold Satee price permit 14.600.000 per Year) Fixed 5 725.000 54,500,000 110.000 80,000 Bts 30 per unit 5 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing Complete this question by entering your answers in the tabs below. Required Required 2 Prepare an income statement for the year using variable costing GINS COMPANY Variable Contact Lo Warto 3 38 8: 20 A G &A 7 % 5 S 4 9 6 09 2 3 0 U Y W E R T J J L H G S D F 19 Homework external browserlaunchreito.253A%252F%252Fimedication.com 2577 Required 1 Required 2 Prepare an income statement for the year using variable costing $ 26.800.000 SIMS COMPANY Variable Costing Income Statement Sales L: Variable costs Direct mais $ 3.200,000 Direct labor 4.500.000 Vanab overhead costs Variable seling and administrative expenses 725,000 Total variable Contribution margin 8.725,000 Los Foxed expenses nes Fred overhead costs Net income foss) Required 2 > 0 0233 F $ 4 2 012 & 7 00 6 2 3 W 0 E TY R Now Homework education commande.tml?con conexternal_brown * Required Requirt 2 Prepare an income statement for the year using absorption costi SIMS COMPANY Absorption Casting con Statement Sales Less Cont of goods sold Direct mais Direct labor Variativados Fixed overhead out cost of goods sold Gross Selling general and administre Variable selling and administrative Foundseling and administrative cost Net Income foss) D BO 58 S 4 * 5 & 7 8 9 6 2 3 Y U W E T R mework %252Fsection to Help Sims Company, a manufacturer of tablet computers, began operations on January 1 2019. Its cost and sales information for this year follows. 5 40 per unit 6 per 49 perut facturing costs Direct materials Diret labor Over costs Variable Tixed Send sinistrative for the year Variable Production and sales for the year Units produced Units sold Satee price permit 14.600.000 per Year) Fixed 5 725.000 54,500,000 110.000 80,000 Bts 30 per unit 5 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing Complete this question by entering your answers in the tabs below. Required Required 2 Prepare an income statement for the year using variable costing GINS COMPANY Variable Contact Lo Warto 3 38 8: 20 A G &A 7 % 5 S 4 9 6 09 2 3 0 U Y W E R T J J L H G S D F 19 Homework external browserlaunchreito.253A%252F%252Fimedication.com 2577 Required 1 Required 2 Prepare an income statement for the year using variable costing $ 26.800.000 SIMS COMPANY Variable Costing Income Statement Sales L: Variable costs Direct mais $ 3.200,000 Direct labor 4.500.000 Vanab overhead costs Variable seling and administrative expenses 725,000 Total variable Contribution margin 8.725,000 Los Foxed expenses nes Fred overhead costs Net income foss) Required 2 > 0 0233 F $ 4 2 012 & 7 00 6 2 3 W 0 E TY R Now Homework education commande.tml?con conexternal_brown * Required Requirt 2 Prepare an income statement for the year using absorption costi SIMS COMPANY Absorption Casting con Statement Sales Less Cont of goods sold Direct mais Direct labor Variativados Fixed overhead out cost of goods sold Gross Selling general and administre Variable selling and administrative Foundseling and administrative cost Net Income foss) D BO 58 S 4 * 5 & 7 8 9 6 2 3 Y U W E T R