23-25

Use the following information for Questions 23-24 Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 25,000 units Units sold this year 15,000 units Direct materials $9 per unit Direct labor SIl per unit Variable overhead $75,000 in total Fixed overhead $137,500 in total 23. Given Advanced Company's data, compute cost per unit of finished goods under variable costing. A. $20.00 B. $25.00 C. $21.88 D. $23.00 E. $28.50 24. Given Advanced Company's data, compute cost per unit of finished goods under absorption costing A. $20.00 B. $34.17 C. $25.32 D. $23.00 E. $28.50 25. Contribution Margin and Manufacturing Margin are the same. A True B. False