1. During May, Roy Company produced 10,000 units of Product X. Costs incurred were as follows: Direct materials $ 10,000 Direct labour 20,000 Variable manufacturing overhead 5,000 Variable selling and general expenses 3,000 Fixed manufacturing overhead 9,000 Fixed selling and general expenses 4,000 51,000 2. Total Required: Compute Product X's unit production cost under both marginal and absorption costing. For Year 2000, Rider Ltd produced 100,000 units and sold 75,000 units. There was no opening inventory. Costs incurred for the production of 100,000 units are: $ Direct materials 150,000 Direct labour 187,500 Variable manufacturing overhead 100,000 Variable selling and general expenses 100,000 Fixed manufacturing overhead 200,000 Fixed administrative expenses 100,000 Required: (a) Compute the cost of the ending finished goods inventory under both absorption and marginal costing. Compute the cost of goods sold under absorption and marginal costing. (b) 3. Colin Company sells its product for $66 each. Unit variable costs are: $ Direct material Direct manufacturing labour Variable manufacturing overhead Marketing expenses per unit sold 12 28 18 9 6 Total annual fixed manufacturing costs are $180,000 and fixed administrative expenses are $60,000. The company produces 25,000 units and expects to sell 20,000 units. Required: Prepare an income statement using absorption costing method and another using marginal costing method.