Question: Please Help! Required information Exercise 19-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions

Please Help!

and variable costing LO P1, P2 [The following information applies to the

questions displayed below.] Cool Sky reports the following for its first year

of operations. The company produced 42,000 units and sold 34,000 units at

Required information Exercise 19-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $150 per unit. Exercise 193 (Algo) Part 1a 1a. Assume the company uses absorption costing. Determine its total product cost per unit. 1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing. 2a. Assume the company uses variable costing. Determine its total product cost per unit. 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing

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