1. Blossom Company sells its product for $ 25 per unit. During 2022, it produced 20000 units and sold 10000 units (there was no beginning inventory). Costs per unit are: direct materials $ 5, direct labour $ 4, and variable overhead $ 3. Fixed costs are: $ 240000 manufacturing overhead, and $ 40000 selling and administrative expenses. Ending inventory under variable costing is

$ 360000.

$ 240000.

$ 120000.

$ 400000.

2. Pharoah Company sells its product for $ 12600 per unit. Variable costs per unit are: manufacturing, $ 6400; and selling and administrative, $ 125. Fixed costs are: $ 36000 manufacturing overhead, and $ 46000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 24 units per year in 20202022. Sales were 24 units in 2020, 20 units in 2021, and 28 units in 2022. Income under absorption costing for 2021 is

$ 48000.

$ 45500.

$ 85000.

$ 39500.

3.

Sheridans unit production cost under variable costing is $ 26, and $ 33 under absorption costing. Net income under variable costing was $ 222000 and $ 161800 under absorption costing last year. Production equalled 62000 units. How many units did Sheridan sell?

53400

70600

69000

55000