cation.com/ext/map/index.html?_con=con&external browser=0&launchurl=https%253A%252F%252Flms.meducation co.252Fmghmiddleware16252Fproducts Ch 19 Homework Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 7 Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 60,000 units, but its production was 90,000 units. It had no beginning finished goods inventory for the current period. 4 points $4,2ee, eee DIAZ COMPANY Income Statement (Variable Costing) Sales (60,000 units * $70.ee per unit) Variable expenses Variable manufacturing expense (60,000 units * $29.ee per unit) Variable selling and admin. expense (60,eee units $6.00 per unit) Total variable expenses Contribution margin Fixed expenses Fixed overhead Fixed selling and administrative expense Total fixed expenses Net income 1,740, eee 360, eee 2,180, eee 2,100, eee 450,000 225,000 675,000 $1,425, eee 1. Convert Diaz's variable costing income statement to an absorption costing income statement. 2. Fill in the blanks: Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Convert Diaz's variable costing income statement to an absorption costing income statement. DIAZ COMPANY Absorption Costing Income Statement Sales Less: Cost of goods sold $ 4,200,000 7 of 9 2. Fill in the blanks: income statement Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Convert Diaz's variable costing income statement to an absorption costing income statement. DIAZ COMPANY Absorption Costing Income Statement Sales $ 4,200,000 Less: Cost of goods sold Variable manufacturing costs Fixed overhead costs $ 1,740,000 300,000 Cost of goods sold 2,040,000 Seling general and administrative expenses Variable selling and administrative expenses Fixed selling and administrative costs 360,000 225,000 585,000 Total fixed expenses Net income (loss) 225,000 675,000 $1,425,000 1. Convert Diaz's variable costing income statement to an absorption costing income statement. 2. Fill in the blanks: Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the blanks: (Round the fixed overhead per unit to two decimal places.) The dollar difference in variable costing income and absorption costing income = 30,000 units $180,000.00 fixed overhead per unit. earch o E 99+