24 2.55 Matarese Inc. produces a single product. Last year, the company had operating income of $349.000 under absorption costing and operating income of $338,000 under variable costing. Fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 43,000 units were produced last year, then how many units were sold last year? O 32,000 units 40,000 units 41,900 units O 54,100 units O None of the above 25 2.5 TRUE or FALSE? A job cost sheet is used to record how much a customer pays for the job once the job is completed. True O False D 26 2.55 GEV Inc. uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of September, GEV had one job still in process. The job cost sheet for this job contained the following information at the end of September: Direct materials $480 Direct labor hours 15 Direct labor rate $10 per hour Manufacturing overhead $600 applied An additional 10 hours of direct labor at $10 per hour was needed in October to complete this job. For this job, how much should the job cost sheet reflect in October when the job is completed? O $1,330 $500 O $1,230 0 $1,730 None of the above