Question: CHAPTER 6 Help Save & Ext Submit 18 10 DV Whitman Company has just completed its first year of operations. The company's absorption costing income

 CHAPTER 6 Help Save & Ext Submit 18 10 DV Whitman

CHAPTER 6 Help Save & Ext Submit 18 10 DV Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: Company Ine State Tale 2,000 units. 544.60 per unit) $1,072,200 corts goods sold (43,000 units $21 per un 182.000 do mar 193,290 Being and distrative 433.000 Netto 3308.200 The company's selling and administrative expenses consist of $315.000 per year in fed expenses and $4 per unit sold in variable expenses. The $21 un product costgiven above is computed as follow Diciale DLL Variaturinywerhead Timu wa 2,000,000 unit) blon costing unit product cost Required: 1 Redo the company's income statement in the contribution format using variable costing 2. Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing Income statement above. 00 Complete this question by entering your answers in the tabs below. Required 1 quired 2 Roda the company's income statement in the contribution format using variable costing When Varble Costing.com Statement

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