The Desk PC Division has prepared comparative income statements using the variable-costing and absorption-costing methods EEB (Click the icon to view the comparative variable costing income statement.) EEB (Click the icon to view the comparative absorption costing income statement.) Suppose that in 20X1 production was 15,000 computers instead of 13,600 computers, and sales were 14,600 computers. Also assume that the net variances for all variable manufacturing costs were $23,000, unfavorable. Also assume that actual fixed manufacturing costs were $1,520,000 Read the requirements $8,760 Sales Opening inventory, at standard cost of $500 Cost of goods manufactured, at standard Available for sale Deduct: ending inventory at standard Cost of goods sold, at standard Net flexible-budget variances for all variable manufacturing costs Fixed factory overhead flexible-budget variance Production-volume variance Total variances Cost of goods sold, at actual Gross profit, at "actual" Selling and administrative expenses Variable Fixed Operating income 450 The Desk PC Division has prepared comparative income statements using the variable-costing and absorption-costing methods EEB (Click the icon to view the comparative variable costing income statement.) EEB (Click the icon to view the comparative absorption costing income statement.) Suppose that in 20X1 production was 15,000 computers instead of 13,600 computers, and sales were 14,600 computers. Also assume that the net variances for all variable manufacturing costs were $23,000, unfavorable. Also assume that actual fixed manufacturing costs were $1,520,000 Read the requirements $8,760 Sales Opening inventory, at standard cost of $500 Cost of goods manufactured, at standard Available for sale Deduct: ending inventory at standard Cost of goods sold, at standard Net flexible-budget variances for all variable manufacturing costs Fixed factory overhead flexible-budget variance Production-volume variance Total variances Cost of goods sold, at actual Gross profit, at "actual" Selling and administrative expenses Variable Fixed Operating income 450