Problem 8-35 Variable-Costing and Absorption-Costing Income Statements (LO 8- 2, 8-3, 8-4, 8-6) Great Outdoze Company manufactures sleeping bags, which sell for $66.00 each. The variable costs of production are as follows: Direct material Direct labor variable manufacturing overhead $18.10 10.40 7.10 Budgeted fixed overhead in 20x1 was $145,200 and budgeted production was 22,000 sleeping bags. The year's actual production was 22,000 units, of which 19,700 were sold. Variable selling and administrative costs were $1.70 per unit sold; fixed selling and administrative costs were $27,000. Required: 1. Calculate the product cost per sleeping bag under (a) absorption costing and (b) variable costing. 2-a. Prepare an operating income statement for the year using absorption costing. 2-b. Prepare an operating income statement for the year using variable costing. 3. Reconcile reported operating income under the two methods using the shortcut method.

What about requirement 4+5

D nctions Question 10 Use the diagram below to find each of the following: sine of point a • cose of point b • tane of point c d e

Q4. What is the meaning of: b.  n/eom: