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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:

Required:

Complete the following:

a$.$ Compute the unit product cost under absorption costing.

b$.$ What is the company's absorption costing net operating income $($loss$)$ for the quarter?

c$.$ Reconcile the variable and absorption costing net operating income $($loss$)$ figures.

During the second quarter of operations, the company again produced $30,000$ units but sold $32,000$ units. $($Assume no change in

total fixed costs.$)$

a$.$ What is the company's variable costing net operating income $($loss$)$ for the second quarter?

b$.$ What is the company's absorption costing net operating income $($loss$)$ for the second quarter?

c$.$ Reconcile the variable costing and absorption costing net operating incomes $($losses$)$ for the second quarter.

Complete this question by entering your answers in the tabs below.

During the second quarter of operations, the company again produced $30,000$ units but sold $32,000$ units. $($Assume no change

in total fixed costs.$)$ Reconcile the variable costing and absorntion costing net onerating incomes for the second aularter.

I need answers in appropriate tables as per question.

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