Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sunrise pools and spas manufactures fibreglass for

Sunrise Pools and Spas manufactures fibreglass forms for in-ground pools and swim spas for all...

90.2K

Verified Solution

Question

Accounting

image
Sunrise Pools and Spas manufactures fibreglass forms for in-ground pools and swim spas for all season use. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the data for their swim spa business in years 1 2 and 3 shown below. The company's fixed manufacturing overhead per unit was constant at $2,500 for all three years: Year 1 Year 2 Year 3 Inventories: Beginning (units) Ending (unit) Variable costing operating income 150 160 150 160 200 $292,400 $269,200 $251,800 150 ces Required: 1. Determine each year's absorption costing operating income. Present your answer in the form of a reconciliation report Year 2 Year Absorption Costing Operating Incomes Year 1 Variable costing operating income Add Food manufacturing overhead cost defore inventory under absorption costing Deduct Fixed manufacturing overhead cost released from inventory under absorption costing Absorption costing net operating income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Human Physiology Describe the pathway of filtrate flow through the urinary system, beginning at the renal corpuscle...

Biology
1.2K views

How is glycogen synthesis and breakdown a) reciprocally regulated to prevent the formation fo a futile...

Psychology
1.2K views

How does therapeutic communication differ from normal communication? Explain the four basic elements included in the communication...

Physics
1.2K views

After a perfectly elastic collision of two identical balls one of which was initially at...

Physics
1.2K views

8 Three objects are connected by ropes on a frictionless floor as 20N a 1Kg...

Basic Math
1.2K views

Let y = (x+sin(x))?.Find g(x) and f(x) so that y = (fog)(x), and compute the...

Statistics
1.2K views

mial Question 6 3 1 8 Determine whether the statement is true or false If...

Accounting
1.2K views

Asper Corporation has provided the following...

Accounting
1.2K views

A metropolitan airport authority has the power to A.Sue people B. Apply for Federal Loans...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Summary information from the...

Accounting
1.2K views

A building is acquired on January 1 at a cost of $840,000 with an estimated...

Accounting
1.2K views

Write about the changes in accounting for leasing. It used to be capital vs operating...