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Omogus CDO Company Budgeted production 1,053 units Actual production 968 units Materials: $1.962 Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production 10 9,390 Actual price paid for materials $19,250 Labor: Standard hourly labor rate $14.48 per hour Standard hours allowed per completed unit 4.2 Actual labor hours worked 4,985.2 Actual total labor costs $76,024 $1,141,000 $25.00 per standard labor hour $139,586 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. The variable factory overhead controllable variance is Oa. $92,103.51 unfavorable Ob. $92,103.51 favorable c. $37,946.00 unfavorable Od $37.946,00 favorable The level of inventory of a manufactured product has increased by 7,271 units during a period. The following data are also available: $1 Variable Fixed Unit manufacturing costs of the period $10 $5 Unit operating expenses of the period $1 What would be the effect on income from operations if absorption costing is used rather than variable costing? a. $36,355 increase b. $43,626 increase c. $36,355 decrease d. $43,626 decrease A business operated at 100% of capacity during its first month, with the following results: Sales (111 units) Production costs (139 units): $532,800 Direct materials $72,124 Direct labor Variable factory overhead Fixed factory overhead 18,415 32,226 30,691 153,456 Operating expenses: Variable operating expenses $6,096 Fixed operating expenses 4,619 10,715 What is the amount of the gross profit that would be reported on the absorption costing income statement? a $404,160 O. S410, 256 Oc. $399,541 d. $532.661