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Walsh Company manufactures and sells one product. The following information pertains to the company's first two years of operations: variable cost per unit manufacturing direct
Walsh Company manufactures and sells one product. The following information pertains to the company's first two years of operations: variable cost per unit manufacturing direct materials $ direct labor $ variable manufacturing overhead $ variable selling and administrative $; fixed costs per year fixed manufacturing overhead $ fixed selling and administrative expenses $ During its first years of operations Walsh produced units and sold units. During its second year of operations, it produced units and sold units. The selling price of the company's product is $ per unit. Assume the company uses variable costing. Prepare an income statement for Year and Assume that the company uses absorption costing. Compute the unit product cost for year and Assume the company uses absorption costing. Prepare an income statement for Year and Reconcile the difference between variable costing and absorption costing net operating income in Year
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