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:
Infant's Heel
A common site for blood sampling in newborns due to the heel's accessibility and the concentration of blood vessels.
Sickle Cell Anemia
A blood disorder in which the red blood cells are shaped like sickles.
Red Blood Cells
Cells in the blood responsible for carrying oxygen from the lungs to the rest of the body and returning carbon dioxide to be exhaled.
Rouleaux Pattern
A condition where red blood cells stack up in a row, resembling a stack of coins, often observed in various blood disorders.
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