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23) The following information pertains to Mayberry Corporation: Beginning inventory Ending inventory Production Selling price per unit 1,000 units 6,000 units 10,000 units $125 Direct
23) The following information pertains to Mayberry Corporation: Beginning inventory Ending inventory Production Selling price per unit 1,000 units 6,000 units 10,000 units $125 Direct labour per unit $40 Direct materials per unit 20 Variable overhead per unit 10 Fixed overhead $300,000 Variable selling and admin. costs per unit 6 Fixed selling and admin. costs 14,000 What is the value of the ending inventory using the absorption costing method? a) $240,000 b) $360,000 c) $600,000 d) $420,000 24) Using the information from Question 23. What is the value of the ending inventory using the variable costing method? a) $240,000 8366 b) $360,000 c) $350,000 d) $420,000 25) Using the information from Question 23. What is operating income/(loss) under variable costing? a) $69,000 b) ($69,000) c) $51,000 d) $81,000 26) Using the information from Question 23. What is operating income/(loss) under absorption costing? 8306 $81,000 b) $66,000 $51,000 d) ($81,000)
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