8. Acme Co. produces a single product. Information about the product for the past year is as follows: 25,000 23,000 $ 26.00 -0- Production (in units) Sales (units) Selling price/unit Beg. Inventory (units) Variable costs per unit: Direct materials Direct labor Variable overhead Variable selling exps. Fixed overhead Fixed selling and admin. $ 8.00 3.00 1.80 $ 4.00 $ 107,500 $ 26,800 A A A 11. Refer to the data in question 8. Using variable costing, the cost of goods sold would be: a. $294,400 c. $393,300 b. $320,000 d. $427,500 12. Refer to the data in question 8. If Acme Co. uses variable costing, its operating income would be: a. $85,900 c. $83,900 b. $79,300 d. $77,300 13. Refer to the data in question 8. Using absorption costing, the operating income would be: a. $85,900 c. $83,900 b. $79,300 d. $77,300