Question: Sales price Unit variable product cost Labor cost Variable overhead Total fixed product cost Unit variable period cost Total fixed period cost 2019 2019 Produce

 Sales price Unit variable product cost Labor cost Variable overhead Total

Sales price
Unit variable product cost
Labor cost
Variable overhead
Total fixed product cost
Unit variable period cost
Total fixed period cost
2019 2019
Produce
Sell
Absorption Costing Variable Costing
Sales Sales
COGS COGS
Variable COGS Variable COGS
Fixed product costs Less: Ending inventory
Total costs Manufacturing margin
Less: Ending inventory Less: Variable selling
units*unit product cost Contribution margin
COGS Less: Fixed costs
Gross profit Manufacturing
Less: Administrative
Selling expense Total fixed
Administrative expense Net income
Net income

Please help with filling out the excel

Variable and Absorption Costing-Service Company Jensen's Tailoring provides custom tailor- ing services. After the company's first year of operations, its owner prepared the following summa- rized data report for 2019: $100,000 Sales (500 completed jobs) Tailoring costs (550 jobs): 47,000 Direct labor.... Manufacturing ove.head: Variable Fixed... Operating expenses: Variable Fixed. 12,000 9,000 5,600 5,800 Required a. Prepare an income statement based on full absorption costing. (Round ending inventory to the nearest $.) b. Prepare an income statement based on variable costing. (Round ending inventory to the nearest $.) c. Assume that you must decide quickly whether to accept a special one-time order to alter 50 band costumes for $125 per costume. Which income statement presents the most relevant data? Deter- mine the apparent profit or loss on the special order based solely on these data

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