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Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations:During its first year of
Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations:During its first year 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. Required: Assume the company uses variable costing: a Compute the unit product cost for Year and Year b Prepare an income statement for Year and Year Assume the company uses absorption costing: a Compute the unit product cost for Year and Year b Prepare an income statement for Year and Year Reconcile the difference between variable costing and absorption costing net operating income in Year and Year Complete this question by entering your answers in the tabs below. Req B I need more calrifaction for question B I dont understabd how to set up the income statement I also need more calrifaction for the last question Reconceived the difference between variable costing and absorption costing net operating income in year one and year two variable costing that up operating income add six manufacturing overhead deferred and inventory under absorption costing absorption costing that operating income loss
Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations:During its first year 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.
Required:
Assume the company uses variable costing:
a Compute the unit product cost for Year and Year
b Prepare an income statement for Year and Year
Assume the company uses absorption costing:
a Compute the unit product cost for Year and Year
b Prepare an income statement for Year and Year
Reconcile the difference between variable costing and absorption costing net operating income in Year and Year
Complete this question by entering your answers in the tabs below.
Req B
I need more calrifaction for question B I dont understabd how to set up the income statement
I also need more calrifaction for the last question Reconceived the difference between variable costing and absorption costing net operating income in year one and year two variable costing that up operating income add six manufacturing overhead deferred and inventory under absorption costing absorption costing that operating income loss
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