1. Favini Company, which has only one product, has provided the following data concerning its most recent month of operations:

What is the unit product cost for the month under absorption costing? Select one: a. $91 b. $125 c. $118 d. $98

2. Kierst Company, which has only one product, has provided the following data concerning its most recent month of operations:

The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.

What is the net operating income for the month under absorption costing? a. $7,500 b. $16,200 c. $6,200 d. $10,600

3. Selling and administrative expenses are considered to be: a. a product cost under variable costing. b. a product cost under absorption costing. c. part of fixed manufacturing overhead under variable costing. d. a period cost under variable costing.

Selling price. $141 Units in beginning inventory.. Units produced .... Units sold. 6,200 5,900 Units in ending inventory.. 300 Variable costs per unit: Direct materials. $40 $47 Direct labor.. Variable manufacturing overhead .... Variable selling and administrative... Fixed costs: $4 $7 Fixed manufacturing overhead . Fixed selling and administrative.. $167,400 $82,600