Solve the question it has 3 parts that need to be completed
Check my work 5 C. Reconcile wie variable aflu dusuipuon cosung fiel operaung Income (loss) ngures. 3. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? 25 c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter. points Complete this question by entering your answers in the tabs below. BOOK Req 1A Req 18 Req 1C Req 3A Req 38 Req 30 Print During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to 2 decimal places. References Tami's Creations, Inc. Absorption Costing Income Statement Total Net operating income (loss) Check my work 5 Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? 25 c. Reconcile the variable and absorption costing net operating income (loss) figures. points 3. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? =Book c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter. Complete this question by entering your answers in the tabs below. Print Req 1A Req 1B Req 1C Req 3A Req 3B Req 30 References During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Check my work 5 Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,409 units) $ 1, 136,809 25 Variable expenses: Variable cost of goods sold $ 420,320 points Variable selling and administrative 195,968 616,280 Contribution margin 519,728 Fixed expenses: Fixed manufacturing overhead 282, 608 Fixed selling and administrative 250, 628 533,220 Book Net operating loss $ ( 13,509) Print Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA. insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. References At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: Units produced 31, 480 Units sold 28,489 Variable costs per unit: Direct materials 7.20 Direct labor $ 5.80 Variable manufacturing overhead $ 1.89 Variable selling and administrative 6.90 Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter.5 Check my work Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? 25 c. Reconcile the variable and absorption costing net operating income (loss) figures. points total fixed costs.) 3. During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. (Assume no change in a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter. BOOK Complete this question by entering your answers in the tabs below. Print Req 1A Req 1B Req 1C Req 3A Req 38 Req 30 References During the second quarter of operations, the company again produced 31,400 units but sold 34,400 units. What is the company's variable costing net operating income (loss) for the second quarter? Tami's Creations, Inc. Variable Costing Income Statement Sales S 1,376,000 Variable expenses Variable cost of goods sold Variable selling and administrative Contribution margin 1,376,000 Fixed expenses Fixed manufacturing overhead Fixed selling and administrative 0 Net operatina income (loss)
