Problem 1 (7 points) Skyway Company manufactures dining cart…
Problem 1 (7 points) Skyway Company manufactures dining carts for airlines. The company uses variable costing for internal management reports and absorption costing for external reporting. The company has the following (incomplete) data related to inventory and income 2013 2014 2015 Beginning Inventory (units) 200 e Ending Inventory (units) a b f Variable Costing net operating income $260,000 d $320,000 Absorption Costing net operating income c $300,000 g The company’s fixed manufacturing overhead was constant over the three years at $500,000. Production was also constant over the three-year period at 2,000 units per year. Sales (in units) were as follows: 1,800 units in 2013; 2,200 units in 2014;2,200 units in 2015. Find the missing amounts in the table above. Input your answers for letters a-g.