During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: s

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During Heaton Company S First Two Years Of Operations It Reported Absorption Costing Net Operating Income As Follows S 1 (41.77 KiB) Viewed 65 times

During Heaton Company S First Two Years Of Operations It Reported Absorption Costing Net Operating Income As Follows S 2 (27.46 KiB) Viewed 65 times

During Heaton Company S First Two Years Of Operations It Reported Absorption Costing Net Operating Income As Follows S 3 (31.34 KiB) Viewed 65 times

During Heaton Company S First Two Years Of Operations It Reported Absorption Costing Net Operating Income As Follows S 4 (37.15 KiB) Viewed 65 times

During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: sales te $62 per unit) Year 1 Year 2 cost of goods sold (e $39 per unit) $ 930,000 $1,550,000 Gross margin 585,000 975,000 345,000 Selling and administrative expenses 575,000 292,000 322,000 Net operating Income $ 53,000 $ 253,000 • $3 per unit variable; $247,000 fixed each year. The company's $39 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead (5380,000 + 20,000 units) Absorption costing unit product cost Production and cost data for the first two years of operations are: Year 1 Year 2 Units produced 20,000 20,000 15,000 25,000 Units sola $ 7 10 3 19 $ 39 Required: 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: 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. Complete this question by entering your answers in the tabs below. 5 Required 1 Required 2 Required 3 Using variable costing, what is the unit product cost for both years? Unit product cout < Required Required 2 >
Required: 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the variable costing net operating income In Year 1 and in Year 2? (Loss amounts should be indicated with a minus sign.) Year 1 Year 2 Net operating income (loss) < Required 1 Required 3 >
uu Required: 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, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Reconcile the absorption costing and the variable costing net operating income figures for each year. Reconciliation of Variable Costing and Absorption Costing Not Operating Incomes Year 1 Variable costing net operating income (loss) Add (deduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income Year 2 < Required 2 Hequired