Please help me with all answers thanku 281ht7ences$3 per unit variable: $245,000 fixed each year.The company's $35 unit product cost is computed as follows:Direct MaterialsDirect laborVariable manufacturing overheadFixed manufacturing overhead ($336,000 - 21.000 units)Absorption costing unit product costProduction and cost data for the first two years of operations are:Whats producedUnits soldINE921,00016,000Required 1Complete this question by entering your answers in the tabs below.year21,00026.000Required:1. Using variable costing, what is the unit product cost for both years?2. What is the variable costing net operating income in Year 1 and in Year 2?3. Reconcile the absorption costing and the variable costing net operating income figures for each year.Required 2 Required 3Reconciliation of VariaVariable costing net operating income (loss)Reconcile the absorption costing and the variable costing net operating income figures for each year.Costing and Absorption Costing Net Operating IncomesYear 1Absorption costing net operating income$694Required 216$35HANYear 2Saved t7encesCost of goods sold (@$35 per unit)Gross marginSelling and administrative expenses*Net operating incomeDirect materialsDirect labor*$3 per unit variable; $245,000 fixed each year.The company's $35 unit product cost is computed as follows:Variable manufacturing overheadFixed manufacturing overhead ($336,000+ 21,000 units)Absorption costing unit product costUnits producedUnits soldProduction and cost data for the first two years of operations are:Year 121,00016,000Required 1$Year 221,00026,000Required 2Net operating income (loss)Complete this question by entering your answers in the tabs below.560,000464,000293,000171,000Required 3Required:1. Using variable costing, what is the unit product cost for both years?2. What is the variable costing net operating income in Year 1 and in Year 2?3. Reconcile the absorption costing and the variable costing net operating income figures for each year.Year 1910,000754,000323,000$ 431,000Year 2< Required 1$694What is the variable costing net operating income in Year 1 and in Year 2? (Loss amounts should be indicated with a minussign.)16$ 35SavedRequired 3 >

Name: Please help me with all answers thanku 281ht7ences$3 per unit variable
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please help me with all answers thanku 281ht7ences$3 per unit variable: $245,000 fixed each year.The company's $35 unit product cost is computed as follows:Direct MaterialsDirect laborVariable manufacturing overheadFixed manufacturing overhead ($336,