Need 2,4, and 6 completed please Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations,costume parties, and other functions. During its first year of business, the company incurred the following costs:Variable Cost per Hula SkirtDirect materialsDirect laborVariable manufacturing overheadVariable selling and administrative expensesFixed Costs per MonthFixed manufacturing overheadFixed selling and administrative expensesDance Creations charges $35 for each skirt that it sells. During the first month of operation, it made 1,880 skirts andsold 1,740.Required:1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month,2. Complete a contribution margin income statement for the last month.3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the lastmonth.$10.554.351.500.454. Complete a full absorption costing income statement.6. Suppose next month Dance Creations expects to produce 1,880 hula skirts and sell 1,980. Without recreating thenew income statements, calculate the difference in profit between variable costing and full absorption costing. Whichwould be higher?$ 19,5505,900Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3 Required 4 Required 6Dance CreationsFull Absorption Income StatementFor Last MonthComplete a full absorption costing income statement.Note: Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar.Sales RevenueCost of Goods Sold$60,90046,632 Requirea:1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month.2. Complete a contribution margin income statement for the last month.3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the lastmonth.4. Complete a full absorption costing income statement.6. Suppose next month Dance Creations expects to produce 1,880 hula skirts and sell 1,980. Without recreating thenew income statements, calculate the difference in profit between variable costing and full absorption costing. Whichwould be higher?Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3 Required 4 Required 6Complete a contribution margin income statement for the last month.Dance CreationsContribution Margin Income StatementFor the Last MonthSales RevenueContribution marginNet Operating Income< Required 1Required 3 >

Name: Need 2,4, and 6 completed please Dance Creations manufactures authenti
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Need 2,4, and 6 completed please Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations,costume parties, and other functions. During its first year of business, the company incurred the fo