1. Caruso Incorporated, which produces a single product, has provided the following data for its most There were no beginning or ending inventories. The unit product cost under absorption costing was: 0$170 per unit 0$115 per unit 0$255 per unit 0$110 per unit 2. Caruso Incorporated, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense There were no beginning or ending inventories. The unit product cost under variable costing was: 0$115 per unit 0$123 per unit $118 per unit $170 per unit 3. A company produces a single product. Variable production costs are $21 per unit and variable selling and administrative expenses are $4 per unit. Fixed manufacturing overhead totals $30,000 and fixed selling and administration expenses total $36,000. Assuming a beginning inventory of zero, production of 6,000 units and sales of 5,600 units, the dollar value of the ending inventory under variable costing would be: $10,000$8,400$12,000$14,400 4. Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: What is the net operating income (loss) for the month under variable costing? 0$11,000 0$(26,200) $17,000 0$6,000