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i need that last two parts (D AND E)

i need that last two parts (D AND E)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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i need that last two parts (D AND E)
Wei Nan Company manufactures and sells personal organizers. The following are the operating data for the company for 2021 and 2022: 2021 2022 Units produced 60,000 50,000 Units sold 54,000 54,000 Selling price per unit Variable costs per unit $250 $250 Direct materials $80 $80 Direct labour 40 40 Variable overhead 35 35 Selling expenses Fixed manufacturing overhead Fixed selling and administrative expenses 30 30 $2,500,000 S2,500,000 $300,000 $ 300,000 There was no beginning inventory on January 1, 2021. The company used the FIFO method to calculate the cost of inventories. Ignore income taxes. Instructions a. Prepare income statements for 2021 and 2022 using the absorption-costing method. b. Prepare income statements for 2021 and 2022 using the variable-costing method. c. Reconcile the absorption-costing and variable-costing net income figures for 2021 and 2022. d. Prepare income statements for 2021 and 2022 using the throughput-costing method. e. Reconcile the throughput-costing and variable-costing net income figures for 2021 and 2022.
Transcribed Image Text:Wei Nan Company manufactures and sells personal organizers. The following are the operating data for the company for 2021 and 2022: 2021 2022 Units produced 60,000 50,000 Units sold 54,000 54,000 Selling price per unit Variable costs per unit $250 $250 Direct materials $80 $80 Direct labour 40 40 Variable overhead 35 35 Selling expenses Fixed manufacturing overhead Fixed selling and administrative expenses 30 30 $2,500,000 S2,500,000 $300,000 $ 300,000 There was no beginning inventory on January 1, 2021. The company used the FIFO method to calculate the cost of inventories. Ignore income taxes. Instructions a. Prepare income statements for 2021 and 2022 using the absorption-costing method. b. Prepare income statements for 2021 and 2022 using the variable-costing method. c. Reconcile the absorption-costing and variable-costing net income figures for 2021 and 2022. d. Prepare income statements for 2021 and 2022 using the throughput-costing method. e. Reconcile the throughput-costing and variable-costing net income figures for 2021 and 2022.
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