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eberintibht: Aesuined Complete this question by entering your answers in the tabs below. Asume the cumpeny uses variabir casting. Preare at nesme statiment for Year 1 and Year 2 . During its fitst year of operations, Walsh produced 50,000 units and sold 40.00 produced 40,000 units and sold 50,000 units. The selling price of the company Required: 1. Assume the compary uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing ne: Complete this question by entering your answers in the tabs below. Assume the company uses absoeption cossing. Cempute the unit product cost for Ye decimal plecesi) During its first year of operations. Walsh produced 50,000 units and sold 40.00 produced 40,000 units and sold 50,000 units. The selling price of the company Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2 . 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Yeas 1 and Year 2. 3. Reconcile the difference between voriable costing and absorption costing net Complete this question by entering your answers in the tabs below. Assume the compony uses absorption costing. Prepare an income statement for Year colculations to 2 decimal paces.) During is fint your of operwtions. Wohsh producest 50,000 unts and sold 40.000 unts. Duang its second yea produted 40.000 units and sold 50.000 unts. The seting peice of the company's preduct ia 356 per unit Pequired. 1. Assume the comparty ailes variable costing a. Compute the unit product cost for Year 1 and Wear 2 . b. Prepae an income siatement for vear 1 and Year 2 . 2. Assume the compary unes absorption costure a. Compute the unt product cont foe Your 1 and Fear 2 . 5. Prepare an income statement for How 1 and tear 2 . 3. Beconcie the offlerence between variable ceating and stapplin costry net operating income in Viar 1 . Complete this question by entering vour answers in the tabe below. .

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