White Water Rafting Company manufactures kayaks, which sell for $655 each. The variable costs of production (per unit) are as follows: Direct Material Direct labor Variable manufacturing overhead $ 245 155 70 Budgeted fixed overhead In 20x1 was $472.000 and budgeted production was 59.000 kayaks. The year's actual production was 59.000 units, of which 51.500 were sold. Variable selling and administrative costs were $6 per unit sold: fixed selling and administrative costs were $84.000. Required: A. Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. B. Prepare operating Income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating Income under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Reqc Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. Cost Per Unit (a) Absorption costing (b) Variable costing (Reg A Req B1 > White Water Rafting Company manufactures kayaks, which sell for $655 each. The variable costs of production (per unit) are as follows: Direct Material Direct labor Variable manufacturing overhead $245 155 70 Budgeted fixed overhead in 20x1 was $472.000 and budgeted production was 59.000 kayaks. The year's actual production was 59.000 units, of which 51.500 were sold. Variable selling and administrative costs were $6 per unit sold: fixed selling and administrative costs were $84,000. Required: A. Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. B. Prepare operating Income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating Income under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Req A Red B: Red B2 Regc Prepare operating income statement for the year using absorption costing. WHITE WATER RAFTING COMPANY Operating Income Statement For The Year Ended December 31, 20x1 Absorption Costing Less: Selling and administrative expenses VIILE volei ROIIY Company ON TUOLLUIes Kayaks, WHICIT SENTUL DUI ELIT. THE VOIVIE LUSUS UI PIDUULLIOL ei und die as follows: Direct Material Direct labor Variable manufacturing overhead $245 155 70 Budgeted fixed overhead in 20x1 was $472000 and budgeted production was 59.000 kayaks. The year's actual production was 59.000 units, of which 51.500 were sold. Variable selling and administrative costs were $6 per unit sold: fixed selling and administrative costs were $84.000. Required A. Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. B. Prepare operating Income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating Income under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Req A Req B1 Red B2 Reqc Prepare operating income statement for the year using variable costing. WHITE WATER RAFTING COMPANY Operating Income Statement For The Year Ended December 31, 20x1 Variable Costing Less: Variable expenses: Less: Fixed expenses White Water Rafting Company manufactures kayaks, which sell for $655 each. The variable costs of production (per unit) are as follows: Direct Material Direct labor Variable manufacturing overhead $ 245 155 70 Budgeted fixed overhead In 20x1 was $472,000 and budgeted production was 59.000 kayaks. The year's actual production was 59.000 units, of which 51.500 were sold. Variable selling and administrative costs were $6 per unit sold: fixed selling and administrative costs were $84.000. Required: A. Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. B. Prepare operating Income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating Income under the two methods using the shortcut method. Complete this question by entering your answers in the tabs below. Req A Red B1 Red B2 Regc Reconcile reported operating income under the two methods using the shortcut method. Change in inventory (in units) predetermined fixed overhead rate = absorption-costing income minus variable-costing income unit increase