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19 Homework W Required information Exercise 19-9 Income statement under absorption costing and variable costing...

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Accounting

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19 Homework W Required information Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. . Manufacturing costs Direct materials per unit Direct later per unit Variable overhead per unit Fixed Overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and dinistrative cost per year Tee Exercise 19-9 Part 20 References 20. Assume the company uses variable costing. Determine its product cost per unit. Per un product costsing Variable costing Exercise 19-9 Part 2b 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing, Book COOL SKY Variable Costing Income Statement 0 Hint 0 0 Net income

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