#$8$ Ch $19$

HELP SOLVE

CORRECTLY IN A GRAPH

WITH CORRECT TERMS

$8$

Selling and administrative expenses for these workstations follow. MATCHING GRAPH

Variable

Variab Fixed

$$35$ per unit

Santana is considering how many workstations to produce in $2021.$ She is confident that she will be able to sell any workstations in her $2021$ ending inventory during $2022.$ However, Santana does not want to overproduce as she does not have sufficient storage space for many more workstations.

Required:

Complete the following income statements using absorption costing.

Complete the following income statements using variable costing.

Which costing method, absorption or variable, yields the higher income when $320$ workstations are produced and $300$ are sold?

Answer is not complete.

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Required $1$ Required $2$

Complete the following income statements using variable costing.

$\backslash$table$[[$BUSINESS SOLUTIONS$],[$Income Statements $($Variable Costing$)],[$Production volume $($units$),\backslash$table$[[300],[$workstations$],[300],[$workstations$]],\backslash$table$[[320],[$workstations$],[300],[$workstations$]]],[$Sales volume $($units$),],[$Sales$,$s$,$$$,1,080,000,$$$,1,260,000\backslash$times $],[$Less: Cost of goods sold,x$,,],[$Variable cost of goods sold,$0,,],[,,1,080,000,1,260,000],[$Plus: Variable expenses,ox$,,],[$Fixed overhead costs,O$,19,200,19,200],[$Fixed selling and administrative expenses,$\backslash$theta $,4,000,4,000],[$Income$,$O$,$$$,1,056,800,1,056,800]]$

Chegg answer but not helpful.. unaware what to put in my graph, this does not help me at all.

$\backslash$table$[[$Description$,$Amount $($$$),$Amount $($$$)],[$Sales $(300\backslash$times $$3,600),$$$1,080,000,$$$1,260,000],[$Cost of Goods Sold:,,$],[$Direct Materials,$$219,000,$$$255,500],[$Direct Labor,$$96,000,$$$112,000],[$Variable Overhead,$$21,000,$$$24,500],[$Fixed Overhead,$$19,200,$$$19,200],[$Total Cost of Goods Sold,$$355,200,$$$411,200],[$Gross Profit,$$724,800,$$$848,800],[$Selling and Administrative:,,$],[$Variable$,$$$10,500,$$$12,250],[$Fixed$,$$$4,000,$$$4,000],[$Total $$8$A Expenses,$$14,500,$$$16,250],[$Net Income,$$710,300,$$$832,550]]$

$ox$ Answer is not complete.

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$$ Complete the following income statements using variable costing.

$\backslash$table$[[$BUSINESS SOLUTIONS$],[$Income Statements $($Variable Costing$)],[$Production volume $($units$),\backslash$table$[[300],[$workstations$]],\backslash$table$[[320],[$workstations$]]],[$Sales volume $($units$),\backslash$table$[[300],[$workstations$]],\backslash$table$[[300],[$workstations$]]],[$Sales$,$$$1,080,000,$$$,1,080,000],[$Direct materials,$219,000\backslash$times $,219,000\backslash$times $],[$Direct labor,$96,000$ox$,96,000$ox$],[$Fixed overhead costs,$31,500$ox$,31,500\backslash$chi $],[$Contribution margin,$733,500,733,500],[$Fixed overhead costs,$19,200,19,200],[$Fixed selling and administrative expenses,$4,000,4,000],[$Income$,710,300,710,300]]$

Past answer that was also incorrect.

& Answer is not complete.