SlideShare uma empresa Scribd logo
1 de 1
Baixar para ler offline
Lynch Company manufactures and sells a single product. The following costs were incurred
during the company's first year of operations: During the year, the company produced 34,000
units and sold 16,000 units. The selling price of the company's product is $54 per unit. Required:
1. Assume that the company uses absorption costing: a. Compute the unit product cost. b.
Prepare an income statement for the year. 2. Assume that the company uses variable costing: a.
Compute the unit product cost. b. Prepare an income statement for the year. Complete this
question by entering your answers in the tabs below. Compute the unit product cost. Assume that
the company uses absorption costing. 2. Assume that the company uses variable costing: a.
Compute the unit product cost. b. Prepare an income statement for the year. Complete this
question by entering your answers in the tabs below. Prepare an income statement for the year.
Assume that the company uses absorption costing. Required: 1. Assume that the company uses
absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the
year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b.
Prepare an income statement for the year. Complete this question by entering your answers in the
tabs below. Compute the unit product cost. Assume that the company uses variable costing.
Complete this question by entering your answers in the tabs below. Prepare an income statement
for the year. Assume that the company uses variable costing.

Mais conteúdo relacionado

Mais de PierschdJohnstonb

Many people think the most widely used tool in a construction project.pdf
Many people think the most widely used tool in a construction project.pdfMany people think the most widely used tool in a construction project.pdf
Many people think the most widely used tool in a construction project.pdf
PierschdJohnstonb
 
Make a Gantt Chart from the activities and tasks - Case Descriptio.pdf
Make a Gantt Chart  from the activities and tasks -    Case Descriptio.pdfMake a Gantt Chart  from the activities and tasks -    Case Descriptio.pdf
Make a Gantt Chart from the activities and tasks - Case Descriptio.pdf
PierschdJohnstonb
 
List of Accounts- (please ensure to stick with those account names- ot.pdf
List of Accounts- (please ensure to stick with those account names- ot.pdfList of Accounts- (please ensure to stick with those account names- ot.pdf
List of Accounts- (please ensure to stick with those account names- ot.pdf
PierschdJohnstonb
 

Mais de PierschdJohnstonb (20)

Mark (50) and Phoebe (30)- Cristina (45) and Michael (49)- and Jason (.pdf
Mark (50) and Phoebe (30)- Cristina (45) and Michael (49)- and Jason (.pdfMark (50) and Phoebe (30)- Cristina (45) and Michael (49)- and Jason (.pdf
Mark (50) and Phoebe (30)- Cristina (45) and Michael (49)- and Jason (.pdf
 
Marin Company's income statement for the year ended December 31- 2025-.pdf
Marin Company's income statement for the year ended December 31- 2025-.pdfMarin Company's income statement for the year ended December 31- 2025-.pdf
Marin Company's income statement for the year ended December 31- 2025-.pdf
 
Many people think the most widely used tool in a construction project.pdf
Many people think the most widely used tool in a construction project.pdfMany people think the most widely used tool in a construction project.pdf
Many people think the most widely used tool in a construction project.pdf
 
Many aspects of aquaculture are regulated by federal legislation- Some.pdf
Many aspects of aquaculture are regulated by federal legislation- Some.pdfMany aspects of aquaculture are regulated by federal legislation- Some.pdf
Many aspects of aquaculture are regulated by federal legislation- Some.pdf
 
Map this ERR model into a relational model visually- The investment co.pdf
Map this ERR model into a relational model visually- The investment co.pdfMap this ERR model into a relational model visually- The investment co.pdf
Map this ERR model into a relational model visually- The investment co.pdf
 
Many COVID-19 patients who die despite being intubated and put on a ve.pdf
Many COVID-19 patients who die despite being intubated and put on a ve.pdfMany COVID-19 patients who die despite being intubated and put on a ve.pdf
Many COVID-19 patients who die despite being intubated and put on a ve.pdf
 
Many of the regulations you have read about this week were developed f.pdf
Many of the regulations you have read about this week were developed f.pdfMany of the regulations you have read about this week were developed f.pdf
Many of the regulations you have read about this week were developed f.pdf
 
Managers may engage in classification shifting by- Multiple Choice rep.pdf
Managers may engage in classification shifting by- Multiple Choice rep.pdfManagers may engage in classification shifting by- Multiple Choice rep.pdf
Managers may engage in classification shifting by- Multiple Choice rep.pdf
 
Make a Gantt Chart from the activities and tasks - Case Descriptio.pdf
Make a Gantt Chart  from the activities and tasks -    Case Descriptio.pdfMake a Gantt Chart  from the activities and tasks -    Case Descriptio.pdf
Make a Gantt Chart from the activities and tasks - Case Descriptio.pdf
 
M- Burry started business on 1 March 2022- During the month of March 2.pdf
M- Burry started business on 1 March 2022- During the month of March 2.pdfM- Burry started business on 1 March 2022- During the month of March 2.pdf
M- Burry started business on 1 March 2022- During the month of March 2.pdf
 
M- Oriole Corporation has 10-000 shares of 9--$100 par value- cumulati.pdf
M- Oriole Corporation has 10-000 shares of 9--$100 par value- cumulati.pdfM- Oriole Corporation has 10-000 shares of 9--$100 par value- cumulati.pdf
M- Oriole Corporation has 10-000 shares of 9--$100 par value- cumulati.pdf
 
Lonnie Shark has ensembled a money laundering team that travels around.pdf
Lonnie Shark has ensembled a money laundering team that travels around.pdfLonnie Shark has ensembled a money laundering team that travels around.pdf
Lonnie Shark has ensembled a money laundering team that travels around.pdf
 
Louis and Pearl live in a one-story single-family dwelling located in.pdf
Louis and Pearl live in a one-story single-family dwelling located in.pdfLouis and Pearl live in a one-story single-family dwelling located in.pdf
Louis and Pearl live in a one-story single-family dwelling located in.pdf
 
Loanable Funds Model Luxembourg- a small nation- registered the follow.pdf
Loanable Funds Model Luxembourg- a small nation- registered the follow.pdfLoanable Funds Model Luxembourg- a small nation- registered the follow.pdf
Loanable Funds Model Luxembourg- a small nation- registered the follow.pdf
 
LO33 Identify the parts of a mature mRNA Remember the image represents.pdf
LO33 Identify the parts of a mature mRNA Remember the image represents.pdfLO33 Identify the parts of a mature mRNA Remember the image represents.pdf
LO33 Identify the parts of a mature mRNA Remember the image represents.pdf
 
List of Accounts- (please ensure to stick with those account names- ot.pdf
List of Accounts- (please ensure to stick with those account names- ot.pdfList of Accounts- (please ensure to stick with those account names- ot.pdf
List of Accounts- (please ensure to stick with those account names- ot.pdf
 
Listed are the four types of stratified epithellum match with the corr.pdf
Listed are the four types of stratified epithellum match with the corr.pdfListed are the four types of stratified epithellum match with the corr.pdf
Listed are the four types of stratified epithellum match with the corr.pdf
 
List the type of immunity that may develop from the following cases- a.pdf
List the type of immunity that may develop from the following cases- a.pdfList the type of immunity that may develop from the following cases- a.pdf
List the type of immunity that may develop from the following cases- a.pdf
 
Limitations of the balance sheet include the following- except Group o.pdf
Limitations of the balance sheet include the following- except Group o.pdfLimitations of the balance sheet include the following- except Group o.pdf
Limitations of the balance sheet include the following- except Group o.pdf
 
Let F(x-y) and G(x-y) two functions with joint distribution- prove tha.pdf
Let F(x-y) and G(x-y) two functions with joint distribution- prove tha.pdfLet F(x-y) and G(x-y) two functions with joint distribution- prove tha.pdf
Let F(x-y) and G(x-y) two functions with joint distribution- prove tha.pdf
 

Último

Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
negromaestrong
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 

Último (20)

TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural ResourcesEnergy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
Role Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptxRole Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptx
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 

Lynch Company manufactures and sells a single product- The following c (3).pdf

  • 1. Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: During the year, the company produced 34,000 units and sold 16,000 units. The selling price of the company's product is $54 per unit. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Compute the unit product cost. Assume that the company uses absorption costing. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Assume that the company uses absorption costing. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Compute the unit product cost. Assume that the company uses variable costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Assume that the company uses variable costing.