Wakh Company manufactures and sells one product. The following information pertains to each of the...
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Wakh Company manufactures and sells one product. The following information pertains to each of the company's first two years al operations: During its first year of operations. Waish produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and soid 50,000 units. The selling price of the company's product is $60 per unit: Required: 1. Assume the company uses variablo costing: a. Compule the unit product cost for Year land Year 2. b. Prepare an income statement for Year 1 and Year 2 2 Assume the compony uses absorptian costing: a. Compule the unit product cost for Year 1 and Year 2. b. Piepare an income statement for Year 1 and Year 2 3. Peconcte the dilfeience between vatiable costing and absoiption costing net opecating income in Year 1 Complete this question by entering your aniswers in the tabs below
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