Skinny Dippers, Inc. produces nonfat frozen yogurt. The product is sold in ten-gallon containers, which have the following price and variable costs. $53 18 Sales price Direct material Direct labor Variable overhead Skipped Budgeted fixed overhead in 20x1, the company's first year of operations, was $280,000. Actual production was 140,000 ten- gallon containers, of which 126,000 were sold. Skinny Dippers, Inc. incurred the following selling and administrative expenses. Fixed Variable $140,000 for the year $ 4 per container sold Required: 1. Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. 2-a. Prepare operating income statements for 20x1 using absorption costing. 2-b. Prepare operating income statements for 20x1 using variable costing. 3. Reconcile the operating income reported under the two methods by listing the two key places where the income statements differ. 4. Reconcile the operating income reported under the two methods using the shortcut method. 2-b. Prepare operating income statements for 20xl using variable costing. 3. Reconcile the operating income reported under the two methods by listing the two key places where the income statements differ. 4. Reconcile the operating income reported under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Skipped Reg 1 Reg 2A Req 2B Reg 3 Reg 4 Compute the product cost per container of frozen yogurt under (a) variable costing and (b) absorption costing. Per Unit Product Cost a. Variable costing b. Absorption costing Reg1 Req 2A > 4. Recomicile the operating home reported under the two metrus using the shortcut metrou. Complete this question by entering your answers in the tabs below. Skipped Req 1 Reg 2A Req 2B Req3 Req 4 Prepare operating income statements for 20x1 using absorption costing. SKINNY DIPPERS, INC. Absorption-Costing Operating Income Statement For the Year Ended December 31, 20X1 Selling and Administrative Expenses Complete this question by entering your answers in the tabs below. Req 1 Req ZA Req 2B Reg 3 Req 4 Prepare operating income statements for 20x1 using variable costing. Skipped SKINNY DIPPERS, INC. Variable-Costing Operating Income Statement For the Year Ended December 31, 20X1 Variable expenses: Fixed expenses: Complete this question by entering your answers in the tabs below. Req 1 Req ZA Req 2B Reg 3 Req 4 Reconcile the operating income reported under the two methods by listing the two key places where the income statements differ. Skipped Subtotal Total Difference in operating income 3. Reconcile the operating income reported under the two methods by listing the two key places where the income statements differ. 4. Reconcile the operating income reported under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2A Req 2B Reg 3 Req 4 Reconcile the operating income reported under the two methods using the shortcut method. Change in inventory (in units) units Predetermined fixed overhead rate per unit Difference in reported operating income X =
