? Hardwick Manufacturing manufactures a single product that it will sell for $91 per unit. The company

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Hardwick Manufacturing manufactures a single product that it will sell for $91 per unit. The company is looking to project its operating income for its first two years of operations. Cost information for the single unit of its product is as follows: (Click the icon to view the data) Requirement 1. Prepare an absorption costing income statement for (a) the first year of operations and (b) the second year of operations Hardwick Manufacturing Income Statement (Absorption Costing) Less: Loss (a) Year 1 (b) Year 2 During its first year of operations, the company plans to manufacture 21,000 units and anticipates selling 18,000 of those units. During the second year of its operations, the company plans to manufacture 21.000 units and anticipatesseling 23,000 units (it has units in beginning inventory for the second year from its first year of operations). Read the requirements Requirement 2. Before you prepare the variable costing income statements for Hardwick, predict the company's operating income using variable costing for both its first year and its second year without preparing the variable costing Income statements. Hint: Calculate the variable costing operating income for a given year by taking that year's absorption costing operating income and adding or subtracting the difference in operating income as calculated using the following formula: Difference in operating income (Change in inventory level in units x Fixed MOH per unit) Begin by calculating the difference in income each year using the formula provided. Choose from any list or enter any number in the input fields and then continue to the next question Hardwick Manufacturing manufactures a single product that it will sell for $91 per unit. The company is looking to project its operating income for its first two years of operations. Cost information for the single unit of its product is as follows: (Click the icon to view the data.) Begin by calculating the difference in income each year using the formula provided. Change in inventory Fixed MOH per unit level in units Year 1 2 Year 1 2 Difference in operating income Now predict Hardwick's operating income under variable costing for both its first year and its second year of operations. Operating income under variable costing Hardwick Manufacturing Contribution Margin Income Statement (Variable Costing) Question Help During its first year of operations, the company plans to manufacture 21,000 units and anticipates selling 18,000 of those units. During the second year of its operations, the company plans to manufacture 21,000 units and anticipates selling 23,000 units (it has units in beginning inventory for the second year from its first year of operations) Read the requirements. of operations. Requirement 3. Prepare a variable costing income statement for (a) the first year of operations and (b) the second year of o Choose from any list or enter any number in the input fields and then continue to the next question. ~ Hardwick Manufacturing manufactures a single product that it will sell for $91 per unit. The company is looking to project its operating income for its first two years of operations. Cost information for the single unit of its product is as follows: (Click the icon to view the data) Requirement 3. Prepare a variable costing income statement for (a) the first year of operations and (b) the second year of operations. Hardwick Manufacturing Contribution Margin Income Statement (Variable Costing) (a) Year 1 Less Less Question Help During its first year of operations, the company plans to manufacture 21,000 units and anticipates selling 18,000 of those units. During the second year of its operations, the company plans to manufacture 21,000 units and anticipates selling 23,000 units (it has units in beginning inventory for the second year from its first year of operations). Read the requirements. (b) Year 2 r unit. The company is looking to for the single unit of its product is i . **** • Direct material per unit produced $38 Direct labor cost per unit produced $17 . . More Info . During its first year of operations, th those units. During the second year anticipates selling 23,000 units (it has operations). Read the requirements. Variable manufacturing overhead (MOH) per unit produced $11 Variable operating expenses per unit sold $2 Fixed manufacturing overhead (MOH) for each year is $210,000, while fixed operating expenses for each year will be $84,000. men continue to the next question. Print Done ents both its fi e for a given year by taking that year's absorption costing operating income and adding or subt level in units x Fixed MOH per unit). la provided. - X RE #tv $91 per unit. The company is looking to ormation for the single unit of its product is Yea 2 of 3 (0 complete) Requirements e statel ng inco invento the form 1. Prepare an absorption costing income statement for the following: a. The first year of operations b. The second year of operations During its first year of operations, the com those units During the second year of ite X 2. Before you prepare the variable costing income statements for Hardwick, predict the company's operating income using variable costing for both its first year and its second year without preparing the variable costing income statements. Hint: Calculate the variable costing operating income for a given year by taking that year's absorption costing operating income an adding or subtracting the difference in operating income as calculated using the following formula: Difference in operating income (Change in inventory level in units x Fixed MOH per unit) 3. Prepare a variable costing income statement for each of the following years: a. The first year of operations b. The second year of operations ds and then continue to the next question. Print - Done first ye ubtractin #tv A Hardwick Manufacturing manufactures a single product that it will sell for $91 per unit. The company is looking to project its operating income for its first two years of operations. Cost information for the single unit of its product is as follows: (Click the icon to view the data) Requirement 1. Prepare an absorption costing income statement for (a) the first year of operations and (b) the second year of operations Hardwick Manufacturing Income Statement (Absorption Costing) Less: Loss (a) Year 1 (b) Year 2 During its first year of operations, the company plans to manufacture 21,000 units and anticipates selling 18,000 of those units. During the second year of its operations, the company plans to manufacture 21.000 units and anticipatesseling 23,000 units (it has units in beginning inventory for the second year from its first year of operations). Read the requirements Requirement 2. Before you prepare the variable costing income statements for Hardwick, predict the company's operating income using variable costing for both its first year and its second year without preparing the variable costing Income statements. Hint: Calculate the variable costing operating income for a given year by taking that year's absorption costing operating income and adding or subtracting the difference in operating income as calculated using the following formula: Difference in operating income (Change in inventory level in units x Fixed MOH per unit) Begin by calculating the difference in income each year using the formula provided. Choose from any list or enter any number in the input fields and then continue to the next question Hardwick Manufacturing manufactures a single product that it will sell for $91 per unit. The company is looking to project its operating income for its first two years of operations. Cost information for the single unit of its product is as follows: (Click the icon to view the data.) Begin by calculating the difference in income each year using the formula provided. Change in inventory Fixed MOH per unit level in units Year 1 2 Year 1 2 Difference in operating income Now predict Hardwick's operating income under variable costing for both its first year and its second year of operations. Operating income under variable costing Hardwick Manufacturing Contribution Margin Income Statement (Variable Costing) Question Help During its first year of operations, the company plans to manufacture 21,000 units and anticipates selling 18,000 of those units. During the second year of its operations, the company plans to manufacture 21,000 units and anticipates selling 23,000 units (it has units in beginning inventory for the second year from its first year of operations) Read the requirements. of operations. Requirement 3. Prepare a variable costing income statement for (a) the first year of operations and (b) the second year of o Choose from any list or enter any number in the input fields and then continue to the next question. ~ Hardwick Manufacturing manufactures a single product that it will sell for $91 per unit. The company is looking to project its operating income for its first two years of operations. Cost information for the single unit of its product is as follows: (Click the icon to view the data) Requirement 3. Prepare a variable costing income statement for (a) the first year of operations and (b) the second year of operations. Hardwick Manufacturing Contribution Margin Income Statement (Variable Costing) (a) Year 1 Less Less Question Help During its first year of operations, the company plans to manufacture 21,000 units and anticipates selling 18,000 of those units. During the second year of its operations, the company plans to manufacture 21,000 units and anticipates selling 23,000 units (it has units in beginning inventory for the second year from its first year of operations). Read the requirements. (b) Year 2 r unit. The company is looking to for the single unit of its product is i . **** • Direct material per unit produced $38 Direct labor cost per unit produced $17 . . More Info . During its first year of operations, th those units. During the second year anticipates selling 23,000 units (it has operations). Read the requirements. Variable manufacturing overhead (MOH) per unit produced $11 Variable operating expenses per unit sold $2 Fixed manufacturing overhead (MOH) for each year is $210,000, while fixed operating expenses for each year will be $84,000. men continue to the next question. Print Done ents both its fi e for a given year by taking that year's absorption costing operating income and adding or subt level in units x Fixed MOH per unit). la provided. - X RE #tv $91 per unit. The company is looking to ormation for the single unit of its product is Yea 2 of 3 (0 complete) Requirements e statel ng inco invento the form 1. Prepare an absorption costing income statement for the following: a. The first year of operations b. The second year of operations During its first year of operations, the com those units During the second year of ite X 2. Before you prepare the variable costing income statements for Hardwick, predict the company's operating income using variable costing for both its first year and its second year without preparing the variable costing income statements. Hint: Calculate the variable costing operating income for a given year by taking that year's absorption costing operating income an adding or subtracting the difference in operating income as calculated using the following formula: Difference in operating income (Change in inventory level in units x Fixed MOH per unit) 3. Prepare a variable costing income statement for each of the following years: a. The first year of operations b. The second year of operations ds and then continue to the next question. Print - Done first ye ubtractin #tv A

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Year 1 Year 2 Fixed manufacture overhead 210000 210000 Divided by units produced 21000 21000 Fixed m... View the full answer