8. Queens Co. produces a single product. Information about the product for the past year is as follows:

Production (in units) 100,000

Sales (units) 80,000

Selling price/unit $20.00

Machine hours 50,000

Manufacturing costs:

Direct materials $ 80,000

Direct labor $240,000

Variable overhead $ 40,000

Fixed overhead $200,000

Nonmanufacturing costs:

Variable selling $48,000

Fixed selling $20,000

There were no beginning inventories.

(Round amounts to two decimal places.)

8a. The unit product cost for this product using variable costing would be

a.	$4.00	c.	$3.20
b.	$3.60	d.	$2.80

8b Refer to the data in question 8. The unit product cost for the product using absorption costing would be

a.	$5.60	c.	$5.00
b.	$7.60	d.	$4.00

8c Refer to the data in question 8. The products variable cost of goods sold would be

a.	$312,000	c.	$288,000
b.	$296,000	d.	$256,000

8d Refer to the data in question 8. If Queens Co. uses absorption costing, the cost of goods sold would be

a.	$860,000	c.	$704,000
b.	$728,000	d.	$448,000

8e. Refer to the data in question 8. If Queens Co. uses variable costing, its operating income would be

a.	$1,264,000	c.	$1,044,000
b.	$1,064,000	d.	$1,084,000

8f. Refer to the data in question 8. If Queens Co. uses absorption costing, its operating income is:

a. $1,264,000 c. $1,044,000

b. $1,064,000 d. $1,084,000