- Waltman Company Just Ended Its First Year Of Operations We Are Hired To Help With The Company S Reporting The Tableau 1 (79.71 KiB) Viewed 146 times
au-3 i Saved Help $2 per unit Fixed $0 per unit Direct labor Direct materials Variable overhead Variable Sales Price Selling Price $100 Per Unit Units Produced vs Units Sold Units Sold Units Produced 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Units ## tableau K TO 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year? Complete this question by entering your answers in the tabs below. Prev 1 of 1 Next >
saved **TUDEUU 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 and 4 Prepare an Income statement for the year using variable costing. WALTMAN CO. Income Statement (Variable Costing) For Year Ended December 31 Sales $ 750,000 Variable expenses 85,000 Variable selling and administrative expenses Total variable expenses Contribution margin 85,000 515,000 Fixed selling and administrative costs Fixed overhead Income < Req 1 Req 2 >
Units 鞋+ableau 口 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 and 4 Prepare an income statement for the year using absorption costing. WALTMAN CO. Income Statement (Absorption Costing) For Year Ended December 31 Variable selling and administrative expenses Income < Req1 Req 3 and 4 >