Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company...
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Accounting
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the current and prior year operations:
Prior Year Current Year
Sales 1,900units 2,500units
Production 2,200units 2,200units
Production cost
Factory variable (per unit) $0.60 $0.60
fixed $1,100 $1,100
Marketingvariable $0.40 $0.40
Administrativefixed $500 $500
Required:
1. Put together an income statement for each year based on full costing.
2. Put together an income statement for each year based on variable costing.
3. Put together a reconciliation of the difference each year in the operating income resulting from using the full costing method and variable costing method.
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