1. Calculate profit and the value of ending inventory for each year using full costing 2.Explain why profit fluctuates from year to year even though the number of units sold, the selling price, and the cost of structure remain constant. 3.Calculate profit and the value of ending inventory for each year using variable costing. 4.Explain why, using variable costing, profit does not fluctuate from year to year

Problem 5-2 (Part Level Submission) Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first three years of business is as follows: 2014 4,550 4,550 2015 4,550 5,460 2016 Total 4,55013,650 3,640 13,650 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense $60,060 $60,060 $60,060 $75.00$75.00 $220 $221,800 $75.00 $220 $221,800 $220 $221,800 (a) Calculate cost per unit, profit and the value of ending inventory for each year using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 125.) 2014 2015 2016 Cost per unit Net profit Ending inventory