variable manufacturing costs

dierct materials: $7 per unit

direct labor: $ 9 per unit

variable overhead: $4 per unit

fixed overhead costs: $100000 per year

selling& administratve costs varibale: $85000 per year

fixed: $45000

units sold: 7500 units

units produced: 10000 units

Waltman Company just ended its first year of operations. We are hired to help with the company's reporting The Tableau Dashboard provides data for our analysis. Variable Manufacturing Costs $10 per unit Fixed Overhead Costs Per Year 58 per unit D $6 per unit 00000 S4 per unit PICY 1 of 1 Next CH $4 per unit Selling & Administrative Costs Per Year $2 per unit Fixed so per unit Direct materials Direct labor Variable overhead Variable Sales Price Selling Price $100 Per Unit Units Produced vs Units Sold Variable Sales Price Selling Price $100 Per Unit Units Produced vs Units Sold Units Sold Units Produced 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Units tableau 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year? WALTMAN CO. Income Statement (Variable Costing) For Year Ended December 31 Income WALTMAN CO. Income Statement (Absorption Costing) For Year Ended December 31 Income Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 and 4 Answer the following questions. 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory which costing method would the manager prefer in the current year?