Xantra Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows:

Question:

Xantra Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows: 


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There was no beginning finished goods inventory. 



Instructions 


a. Prepare an absorption-costing income statement. 


b. Prepare a variable-costing income statement. 


c. Reconcile the net incomes under absorption costing and variable costing. 


d. Calculate the break-even point in sales units (pairs of skates) under the current cost structure. 


e. Prepare a throughput-costing income statement. 


f. Reconcile the net incomes under throughput costing and variable costing.

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Related Book For  book-img-for-question

Managerial Accounting Tools For Business Decision Making

ISBN: 9781119731825

6th Canadian Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Ibrahim M. Aly, Donald E. Kieso

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