- Regal Industries Has One Product Information About The Production And Sales Of That Product For The Past Year Follow C 1 (34.46 KiB) Viewed 15 times
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Regal Industries has one product. Information about the production and (Click the icon to view the data.) The company had no beginning inventory. Read the requirements. Now prepare the income statement for the year using variable costing. Regal Industries Contribution Margin Income Statement (Variable Costing) For the Year Ended Less: Less:
Read the fequirement Use the statements you prepared to answer the following questions: 1a. What is the product cost per unit using absorption costing? What is the product cost per unit using variable costing? 1b. ✔ 1c. What is the ending inventory balance using absorption costing? What is the ending inventory balance using variable costing? 1d. 10. What is cost of goods sold using absorption costing? 11. What is cost of goods sold using variable costing? 19. 1h. What is operating income using absorption costing? What is operating income using variable costing? Requirement 2. What is the underlying reason for the difference in operating income between the two costing methods? costing generates a higher operating income. This is because under absorption costing, whereas variable costing
Requirement 2. What is the underlying reason for the difference in operating income between the two costing methods? costing generates a higher operating income. This is because under absorption costing. whereas variable costing