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Tami Tyler opened Tami's Creations, Incorporated, a small manufacturing company, at the beginning of the yeat, 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. 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. Pibduction and cost data relating to the swimsuit for the first quarter follow: Required: 1. 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. 3. During the second quarter of operations, the company again produced 32,000 units but sold 35,000 units. (Assume no change in total fored 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 quartet. During the second quarter of operations, the company again produced 32,000 units but sold 35,000 units. (Assume no change In total fixed costs.) a. What is the companys variable costing net operating income (loss) for the second quarten? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorpton costing net operating incomes (osses) 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 32,000 units but sold 35,000 units. (Assume ne change in total fxed costs.) What is the company's absorption costing net operating income (loss) for the second quarter? Noten Raund vour intemediate calcalations to 2 decimal pibces. Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the compony's absorption costing net operating income (oss) for the quarter? c. Peconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company agoin produced 32.000 units but sold 35.000 units. (Assume no cha in total fined costs) a. What is the company/s variable costing net operating income (joss) for the second quarter? b. What is the company's absoeption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes (ossies) for the second quartec Complete this question by entering your answers is the tabs belew. During the secend quarter of eperatiens, the company again prodaced 32,060 unts but sold 35,000 units. (Assume no change in total fixed costs.) Beconcile the variable costing and abvorption costing net oberating incoenes (losses) for the second quarter. Note: Lesses and besuctions should be entered as a negative. Wuning the second qusner of operasions, the company again proouced sz,uvu unts bu scid sbuvu units. AAssume no cha in total fixed costs.) a. What is the compary'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 operabing incomes (posses) for the second quarter. Complete this aqueation by entering yeur answers in the tabs below. Durino the ancond quarter of operations, the cempany again produced 32,000 units hut sold 35.000 unts. (Assume mo change Notel Haund your intermediste calculations to 2 decimal naces. 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the compony's absorption costing net operating income (loss) for the quarter? c. Reconcile the variable and absorption costing net operating income (oss) figures. 3. During the second quarter of operations, the company again produced 32,000 units but sold 35,000 units. (Assume no change in total fored 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. Reconcile the variable and absorption costing net operating income (loss) figures. Note: Losses and deductions should be entered as a negative. L complewe une ionowing: a. Compute the unit product cost under absorption costing b. What is the companys absorption costing net operating income (loss) for the quarter? c. Reconclie the variable and absorption costing net operating income (joss) figures. 3. During the second quarter of operations, the company again produced 32,000 units but sold 35,000 units. (Assume no chan 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. Compute the une product cost under absorption costing. Note: Round your answer to 2 decimal places. c. Reconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 32,000 units but sold 35,000 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. What is the company's absorption costing net operating income (loss) for the quarter? Note: Round your intermediate calculations to 2 decimal places

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