(Answered) Hasselback inc. produced 175000 units and prepared the

Accounting

Hasselback, Inc., produced 175,000 units and prepared the following income report using absorption costing (numbers in $1,000s):

Sales (100,000 Units)                          $15,000
Less Cost of Goods Sold
   Direct Materials   $1,200
   Direct Labor                      300
   Unit-related overhead        900
   Other overhead              4,000            6,400
Gross Margin       8,600
Less other operating costs
   Variable Selling & Administrative          600
   Fixed Selling & Administrative              2,000
Profit                                                   $6,000

Required:

1. Determine Hasselback’s profit using unit-variable costing.

2. Determine Hasselback’s profit using throughput costing.

3. Which method do you think presents the most reliable picture of current earnings? Why?

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