ears together using (a) variable costing and (b) absorption costing. (Use parentheses or a 1 Data Table The company uses budgeted production as the denominator level and writes off any production-volume variance to cost of goods sold. 2016 2017 bal be as favora Sales 22.000 tons 22.000 tons Production 44,000 tons 0 tons Selling price $50 per ton 550 per ton Costs (all fixed): Manufacturing $880,000 $ 880.000 Operating (nonmanufacturing) $99.000 $99.000 (a) Management adopted the policy, effective January 1, 2017. of producing only as much product as needed to fill sales orders. During 2017 sales were the same as for 2016 and were filled entirely from inventory at the start of 2017 Print Done the end of 2017. Muery Al-Fond Corporation began operations in January 2018 The company is so named because has no variable costs. As costs we feed they do not vary with output My Al-Fond Corpsed on the bank of a river and has its own hydroelectric plan topply light and heat The company manufactures a synthetic forts from ar and river water and Selata produttrice that is not expected to change. It has a small star of employees, a paid fired annual salaries. The output of the plant can be increased or decreased by pressing a few buttons ana keyboard The futeng budget and actual data for the operations of Mulberry Ar-Red. Click the icon to view the budgeted and data) Requirement 1. Prepare come statements with one column for 2016. ore column for 2017, and one column for the two years together usng (a) variable costing and (b) absorption sosting (Use parentheses or a minus sign for an operating loss) Start by preparing the (s) variable casting income statement for 2016, 2017, and the two years 2016 2017 Total Manutacturing Operating costs Operating income (om Now prepare the () absorption ting income ment for 2016, 2017 and the two year to Enter for any 50 balance. Une parentheses eramus on for an operating los. Labetasch variance Fountable (U) Use units of production as the denominator in the bone) 2017 Total Cast food Choose from any list of enint any number in the input fields and then continue to the next question end of 2017. Mutty Al-ed Corporation betony 2018 The Grand became has been showed they de rol vary wth Muhay A - Corpsed on the board has is whydroplano and test the company manum rand verwendet Mald prodotto nexpected to change temples de les The the plant can be redor domed bygewoon het The faceng bugeted and actual date for the operations of Mulberry Alied in Chokhe con to view the budgeted and actual data) No prepare the b) bortion sling comment for 2016, 2017, they for any lances. Use the siguroperating loss Listeach an Do steve Forum Userit of production as the denomection) 2016 2017 Total Take Revue Cost of goods Beginning inventory Atted feeding Decostende Ant for products are Toodud Operating Oring comes) Nequirement? What is the braves onder alle and Calculate the breakpointindere costing Rund your heart Choose from any list or enter any number in the input fields and then continue to the newestion nd actual data) decreased by pressing at af und able Requirements X ro nit.) 1. Prepare income statements with one column for 2016, one column for 2017. and one column for the two years together using a variable costing and (b) absorption costing. 2. What is the breakeven point under(s) variable costing and (b) absorption costing? 3. What inventory costs would be carried in the balance sheet on December 31, 2018 and 2017 under each method? 4. Assume that the performance of the top manager of Mulberry All - Fixed is evaluated and rewarded largely on the basis of reported operating income. Which costing method would the manager prefer? Why? For accounts with a s Print Done Sales under absorption costing. Most managers would prefer absorption costing because their performance in any given repom Nhich costing method ntory ut fields and then continue to the next question Chapter 16 Homework ears together using (a) variable costing and (b) absorption costing. (Use parentheses or a 1 Data Table The company uses budgeted production as the denominator level and writes off any production-volume variance to cost of goods sold. 2016 2017 bal be as favora Sales 22.000 tons 22.000 tons Production 44,000 tons 0 tons Selling price $50 per ton 550 per ton Costs (all fixed): Manufacturing $880,000 $ 880.000 Operating (nonmanufacturing) $99.000 $99.000 (a) Management adopted the policy, effective January 1, 2017. of producing only as much product as needed to fill sales orders. During 2017 sales were the same as for 2016 and were filled entirely from inventory at the start of 2017 Print Done the end of 2017. Muery Al-Fond Corporation began operations in January 2018 The company is so named because has no variable costs. As costs we feed they do not vary with output My Al-Fond Corpsed on the bank of a river and has its own hydroelectric plan topply light and heat The company manufactures a synthetic forts from ar and river water and Selata produttrice that is not expected to change. It has a small star of employees, a paid fired annual salaries. The output of the plant can be increased or decreased by pressing a few buttons ana keyboard The futeng budget and actual data for the operations of Mulberry Ar-Red. Click the icon to view the budgeted and data) Requirement 1. Prepare come statements with one column for 2016. ore column for 2017, and one column for the two years together usng (a) variable costing and (b) absorption sosting (Use parentheses or a minus sign for an operating loss) Start by preparing the (s) variable casting income statement for 2016, 2017, and the two years 2016 2017 Total Manutacturing Operating costs Operating income (om Now prepare the () absorption ting income ment for 2016, 2017 and the two year to Enter for any 50 balance. Une parentheses eramus on for an operating los. Labetasch variance Fountable (U) Use units of production as the denominator in the bone) 2017 Total Cast food Choose from any list of enint any number in the input fields and then continue to the next question end of 2017. Mutty Al-ed Corporation betony 2018 The Grand became has been showed they de rol vary wth Muhay A - Corpsed on the board has is whydroplano and test the company manum rand verwendet Mald prodotto nexpected to change temples de les The the plant can be redor domed bygewoon het The faceng bugeted and actual date for the operations of Mulberry Alied in Chokhe con to view the budgeted and actual data) No prepare the b) bortion sling comment for 2016, 2017, they for any lances. Use the siguroperating loss Listeach an Do steve Forum Userit of production as the denomection) 2016 2017 Total Take Revue Cost of goods Beginning inventory Atted feeding Decostende Ant for products are Toodud Operating Oring comes) Nequirement? What is the braves onder alle and Calculate the breakpointindere costing Rund your heart Choose from any list or enter any number in the input fields and then continue to the newestion nd actual data) decreased by pressing at af und able Requirements X ro nit.) 1. Prepare income statements with one column for 2016, one column for 2017. and one column for the two years together using a variable costing and (b) absorption costing. 2. What is the breakeven point under(s) variable costing and (b) absorption costing? 3. What inventory costs would be carried in the balance sheet on December 31, 2018 and 2017 under each method? 4. Assume that the performance of the top manager of Mulberry All - Fixed is evaluated and rewarded largely on the basis of reported operating income. Which costing method would the manager prefer? Why? For accounts with a s Print Done Sales under absorption costing. Most managers would prefer absorption costing because their performance in any given repom Nhich costing method ntory ut fields and then continue to the next question Chapter 16