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the second picture is for part c Dowell Company produces a single product. Its income statements under absorption costing for its first two years of
the second picture is for part c
Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. Additional Information a. Sales and production data for these first two years follow. b. Variable costs per unit and fixed costs per year are unchanged during these years. The company's $44 per unit product cost using absorption costing consists of the following. c. Sellina and administrative expenses consist of the followino. Required: Prepare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.) Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. 1. Compute gross profit assuming (a) 61,000 units are produced and 61,000 units are sold and (b) 82,000 units are produced and 61,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 21,000 more units than it sells? Complete this question by entering your answers in the tabs below. Compute gross profit assuming (a) 61,000 units are produced and 61,000 units are sold and (b) 82,000 units are produced and 61,000 units are sold Step by Step Solution
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