The Following Data Are Available for Atkinson Company for the Year

question 95

Essay

The following data are available for Atkinson Company for the year ended December 31,2015:
$\begin{array}{ll}\text { Sales } & 38,000 \text { units } \\\text { Sales price } & \$ 50 \text { per unit } \\\text { Actual variable manufacturing costs } & \$ 1,400,000 \\\text { Actual fixed manufacturing costs } & \$ 228,000 \\\text { Actual variable nonmanufacturing costs } & \$ 76,000 \\\text { Actual fixed nonmanufacturing costs } & \$ 135,000 \\\text { Work-in-process inventory, January 1, 2015 } & 0 \\\text { Finished goods inventory, January 1, 2015 } & 0 \\\text { Direct materials inventory, January 1, 2015 } & 0 \\\text { Work-in-process inventory, December 31,2015 } & 0 \\\text { Direct materials inventory, December } 31,2015 & 0 \\\text { Expected production } & 40,000 \text { units } \\\text { Actual production } & 40,000 \text { units }\end{array}$
Required:
A) Using the variable-costing approach, prepare an income statement for the year ended December 31, 2015. Assume actual fixed costs were equal to budgeted fixed costs.
B) Using the absorption-costing approach, prepare an income statement for the year ended December 31, 2015. Assume actual fixed costs were equal to budgeted fixed costs.

• A) Using the variable-costing approach, prepare an income statement for the year ended December 31, 2015. Assume actual fixed costs were equal to budgeted fixed costs.
• B) Using the absorption-costing approach, prepare an income statement for the year ended December 31, 2015. Assume actual fixed costs were equal to budgeted fixed costs.

Distinguish between problem-focused and emotion-focused coping strategies.

Identify techniques for handling resistance in therapeutic settings.

Recognize the beneficial effects of mindfulness and stress reduction methods on mental health.

Understand the relevance of individual traits and social support in stress management.

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Definitions:

Adaptive Modes

Strategies or responses that individuals or groups use to adjust to changes in their environment to maintain or restore health.

Proposition Statements

Sentences or assertions in logic that express judgments or opinions that can be considered true or false.

Concept Analysis

A method used in research to define, distinguish, and clarify the meaning and boundaries of a particular concept.

Instrument Development

Instrument development involves the creation and validation of tools or devices for the purpose of measurement, evaluation, or performance in various fields.