If you could please do each part of the required question. Dowell...
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Accounting
If you could please do each part of the required question.
Dowell Compony produces o single product. Its income statements under absorption costing for its first two yeors of operation follow. Additional Information a. Sales and production dats for these first two years follow. b. Variable costs per unit and fixed costs per year are unchanged during these years. The compony's $45 per unit product cost using absorption costing consists of the following. c. Selling and odministrative expenses consist of the following. Required: Prepore income statements for eoch of these two years under varibble costing. (Loss amounts should be entered with a minus slgn.) Trez Compony begon operations this yeor. During this yeor, the compeny produced 100,000 units and sold 80,000 units. The obsorption costing income statement for this year follows. Additional Information a. Selling and sdministrative expenses consist of $350,000 in onnusl fixed expenses and $2.25 per unit in voriable selling ond administrative expenses. b. The compeny's product cost of $30 per unit consiats of the following. Required: Prepore an income statement for the compony under variable costing
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