Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year....

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Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head > Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,600 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Net operating loss Units produced Units sold $ 471,900 200, 200 Variable costs per unit: Direct materials Direct labor 252,800 231, 100 Variable manufacturing overhead Variable selling and administrative Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: $1,144,000 31,600 28,600 672, 100 471,900 $ 7.60 $6.90 $2.00 $ 7.00 483,900 $( 12,000) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3A Req 1C Req 3B Compute the unit product cost under absorption costing. (Round your answer to 2 decimal places) Unit product cost Req 3C < Req 1A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3B Req 3C What is the company's absorption costing net operating income (loss) for the quarter? (Round your intermediate calculations to 2 decimal places.) Req 1C Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Req 3A Total < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B Reconcile the variable and absorption costing net operating income (loss) figures. (Losses and deductions should be entered as a negative.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) Req 3C < Req 18 Req 3A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's variable costing net operating income (loss) for the second quarter? Req 3A Net operating income (loss) Tami's Creations, Inc. Variable Costing Income Statement < Req 1C Req 30 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 3A Req 3B During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. What is the company's absorption costing net operating income (loss) for the second quarter? (Round your intermediate calculations to decimal places.) Tami's Creations, Inc. Absorption Costing Income Statement Net operating income (loss) Total Req 3C < Req 3A Req 3C > Complete this question by entering your answers in the tabs below. Req 1A Req 3A Req 3B Req 3C During the second quarter of operations, the company again produced 31,600 units but sold 34,600 units. Reconcile the variable costing and absorption costing net operating incomes (losses) for the second quarter. (Losses and deductions should be entered as a negative.) Req 18 Req 1C Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Req 30 Head >