a.) What is the value of the Ending Inventory under the variable costing?

b.) What is the value of the Ending Inventory under the Absorption Costing?

c.) How much is the gross profit under the absorption costing?

d.) How much is the net income under the absorption costing?

e.) How much is the contribution margin under the variable costing?

f.) How much is the net income under the variable costing?

How much is the variable manufacturing margin under the variable costing?

OxiClear manufactures a tile and grout cleaner. The company was formed during the current year. As a result, there Nas no beginning inventory. Management is evaluating performance and inventory management issues, and desires to know both net income and ending inventory under generally accepted accounting principles (absorption costing) as well as variable costing methods. Relevant facts are as follows