The Dean Company produces and sells a single product: a laser printer.The following data refer to the year just completed: 
Assume that direct labour is a variable cost.
Required:
a)Compute the cost of a single unit of product under both the absorption costing and variable costing approaches.
b)Prepare an income statement for the year using absorption costing.
c)Prepare an income statement for the year using variable costing.
d)Reconcile the absorption costing and variable costing operating income figures in b)and c)above.
Definitions:
Sternberg's Triangular Model
A theory of love proposed by Robert Sternberg, which suggests that love has three components: intimacy, passion, and commitment.
Intimacy
A close, familiar, and usually affectionate or loving personal relationship with another person or group.
Testosterone
A steroid hormone that plays a key role in the development of male reproductive tissues and secondary sexual characteristics.
Aggressive Behaviors
Actions or behaviors intended to cause harm or discomfort to others.
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