solve these two questions

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $990. Selected data for the company's operations last year follow. Check my work 240 225 15 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Dok $ $ $ 120 330 50 25 $ 72,000 $ 27.000 The absorption costing income statement prepared by the company's accountant for last year appears below. it hces Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 222,750 180,000 42,750 32,625 $ 10,125 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last 2. Prepare an income statement for last year using variable costing year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Check my we B During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@$64 per unit) $ 1,088,000 $1,728,000 Cost of goods sold (@ $37 per unit) 629,000 999,000 Gross margin 459,000 729, 20e Selling and administrative expenses. 297,000 327, eee Net operating income $ 162,000 $ 402,000 $3 per unit variable: $246,000 fixed each year. The company's $37 unit product cost is computed as follows: int ces Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead (5418,000 22,000 units) Absorption costing unit product cost $ 5 10 3 19 $ 37 Production and cost data for the first two years of operations are: Year 1 Year 2 Units produced 22,000 22,000 Units sold 17,000 27,880 Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year, Complete this question by entering your answers in the tabs below. WE Fixed manufacturing overhead (5418,000 + 22,000 units) Absorption costing unit product cost CH 19 $ 37 Production and cost data for the first two years of operations are: Units produced Units sold Year 1 22,000 17.000 Year 2 22.000 27,000 Book Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year. Print rences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using variable costing, what is the unit product cost for both years? Unit product cost Required 2 > Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $990. Selected data for the company's operations last year follow. Check my work 240 225 15 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Dok $ $ $ 120 330 50 25 $ 72,000 $ 27.000 The absorption costing income statement prepared by the company's accountant for last year appears below. it hces Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 222,750 180,000 42,750 32,625 $ 10,125 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last 2. Prepare an income statement for last year using variable costing year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Check my we B During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@$64 per unit) $ 1,088,000 $1,728,000 Cost of goods sold (@ $37 per unit) 629,000 999,000 Gross margin 459,000 729, 20e Selling and administrative expenses. 297,000 327, eee Net operating income $ 162,000 $ 402,000 $3 per unit variable: $246,000 fixed each year. The company's $37 unit product cost is computed as follows: int ces Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead (5418,000 22,000 units) Absorption costing unit product cost $ 5 10 3 19 $ 37 Production and cost data for the first two years of operations are: Year 1 Year 2 Units produced 22,000 22,000 Units sold 17,000 27,880 Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year, Complete this question by entering your answers in the tabs below. WE Fixed manufacturing overhead (5418,000 + 22,000 units) Absorption costing unit product cost CH 19 $ 37 Production and cost data for the first two years of operations are: Units produced Units sold Year 1 22,000 17.000 Year 2 22.000 27,000 Book Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year. Print rences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using variable costing, what is the unit product cost for both years? Unit product cost Required 2 >