Question: Please help me answer this! I have been struggling for a while, and mainly I need the answer! Thank you! Question 12 26 pts Ronald

Question 12 26 pts Ronald Corporation, which has only one product, has provided the following data concerning its most recent month of operations $96 Selling Price Units in Beginning Inventory Units Produced 400 2,500 Units Sold 2,000 ???? Units in Ending Inventory Variable Cost per Unit: Direct Materials $17 Direct Labor $21 Variable Manufacturing Overhead $4 Variable Selling and Administrative $3 Fixed costs: Fixed Manufacturing Overhead $27.500 Fixed Selling and Administrative $15.000 Required: a. Prepare a contribution format income statement for the month using variable costing AND b. Prepare an Income statement for the month using absorption costing (12 points each) MacBook Pro esc Vanable Jelling and Administrative $3 Fixed costs: Fixed Manufacturing Overhead $27.500 Fixed Selling and Administrative $15,000 Required: a. Prepare a contribution format income statement for the month using variable costing AND b. Prepare an income statement for the month using absorption costing (12 points each) c) Explain the differences in net operating income under both methods. Show numbers! (2 pts) B IC IEE3 3.x X, IEE STT: 12pt Paragraph MacBook Pro
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