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Requirement: la Lynch Company Calculation of Unit cost Under Absorption Costing Direct Material Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Over head Unit Cost 10.00 4.00 1.00 11.00 26.00 Requirement: 1b Lynch Company Absorption costing Income Statement Sales Cost of Goods Sold Gross Margin Selling and Administrative Overheads Net Operating Income or loss 680000 442000 238000 158000 80000
Requirement: 2a Lynch Company Calculation of Unit cost Under Variable Costing Direct Material Direct Labor Variable Manufacturing Overhead Unit Cost 10.00 4.00 1.00 15.00 Requirement: 2b Lynch Company Variable Costing Income statement Sales (@40Per unit) Variable Expense: Variable cost of goods sold (@15) Variable Selling and Administrative Expense (@1) 680000 255000 17000 272000 408000 Total Varible Expenses Contribution Magin Fixed Expenses : Fixed manufacturing Overheads Fixed Selling and Administrative Expenses Total fixed Expenses Net Operating Income or loss 231000 141000 372000 36000
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