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NOT in excel please Johnson Stores produce and sell face...

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Accounting

NOT in excel please
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Johnson Stores produce and sell face powder called the 'Success' in cases. Each case is sold for 580 . The following information relates to the product in the autumn and summer of 2020 : Variable administrative expenses are 10% of sales value Fixed administrative expenses are 25% of sales value Normal capacity for the year was 117,600 cases to be produced evenly throughout the year with a budgeted cost of 5470,400. Assume that there will be no inventory held on January 1, 2020. Required: (1) Prepare profit statement for cach of the two quarters using absorption and variable costing techuiques. (2) Counpute and reconcile the differences in the operating incomes of both techaques. (3) Connment on the differences in the operating incone between both techniques

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