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Task Fifteen Bryans Corporation has provided the following data for its two most recent years of operation: $ 53 Selling price per unit Manufacturing costs:
Task Fifteen Bryans Corporation has provided the following data for its two most recent years of operation: $ 53 Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $ 13 $ 6 $ 5 $ 63,000 $ 4 $ 71,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Year 1 0 9,000 6,000 3,000 Year 2 3,000 7,000 7,000 3,0000 Required: 1- Prepare income statement in year 1 using variable costing and absorption costing approaches and explain why the two statements are not having the same income numbers 2- Repeat requirement 1 for year
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