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Menu Variable and Absorption Costing-Service Company Tech Helpers Company prepares a variable costing income statement...

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Menu Variable and Absorption Costing-Service Company Tech Helpers Company prepares a variable costing income statement for internal management and an absorption costing income statement for its bank Tech Helpers provides a personal computer maintenance service that is sold for $105. The variable and fixed cost data are as follows Direct labor Overhead Variable cost per unit Fixed cost $25.00 56 240,000 Marketing, general and administrative Variable cost (per service contract completed) Fixed cost (per month $6 20,000 During 2015, 4,000 service contracts were started and 5,000 service contracts were completed. At the beginning of 2016, Tech Helpers had 1,000 service contracts in process at a per-unit cost of $95 in beginning work-in-process inventory a. Calculate reported income for management. Do not use negative signs with any answers. Absorption Costing Income Statement Sales o X Cost of Goods Sold: Beginning Inventory Variable Costs Fixed Costs

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