Q4

Problem 19-1A (Algo) Variable costing income statement for two consecutive years LO P2 Dowell Company produces a single product. its income statements under absorption costing for its first two years of operation follow. Additional information a. Sales and production data for these first two years foliow. b. Variable costs per unit and fixed costs per yeat are unchanged during these years. The company's $40 per unit product cost using absorption costing consists of the following. c. Selling and administrative expenses consist of the following. Required: Prepare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.) required: repare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.) Problem 19-1A (Algo) Variable costing income statement for two consecutive years LO P2 Dowell Company produces a single product. its income statements under absorption costing for its first two years of operation follow. Additional information a. Sales and production data for these first two years foliow. b. Variable costs per unit and fixed costs per yeat are unchanged during these years. The company's $40 per unit product cost using absorption costing consists of the following. c. Selling and administrative expenses consist of the following. Required: Prepare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.) required: repare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.)