Rey Company’s single product sells at a price of $232 per unit. Data for its single product for its first year of operations follow. Direct materials $ 36 per unit Direct labor $ 44 per unit Overhead costs Variable overhead $ 8 per unit Fixed overhead per year $ 255,000 per year Selling and administrative expenses Variable $ 34 per unit Fixed $ 232,000 per year Units produced and sold 25,500 units 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

answer; /// blank(1); above; blank(2); less;

the answer is d i just took the test (provides the number of allowances an employee has claimed.)