Absorption and Variable Costing - Part-1 The ABC Company produces only one (1) product and has the following cost data related to Year 9 and Year 10. Selling Price $150 / unit, Direct Labor Cost $25/unit, Direct Material Cost $32/unit, Variable Manufacturing OH Cost $8/unit, Variable Selling and Admin Cost $25 / unit. Fixed Manufacturing Overhead Cost Fixed Selling and Admin Cost $126,000 / year $40,000 / year Production, Inventory and Sales Data: Year 9 (number of units) Production 4,200 Sales 3,600 Beginning Inventory 0 Ending Inventory 600 Year 10 (number of units) 4,000 4,300 600 300 Select the right answer from the drop down list in the left of the following lines. Possible answers are on the right column. The unit product cost of Year 9 using ababsorption costing is A. 95.00 The unit product cost of Year 9 using variable costing is B. 65.00 The unit product cost of Year 10 using ababsorption costing is C. 96.50 Unit Contribution Margin using absorption costing for Year D. 60.00 10 is Absorption and Variable Costing - Part 2 Based on the information provided for the previous question on absorption and variable costing, determine the following for Year 9 and Year 10 using absorption costing. Year-9 a. Cost of Goods Sold b. Cost of Ending Inventory c. Operating Income d. Total Period Cost Year-10 a. Cost of Ending Inventory b. Operating Income Based on the information provided for the previous question on absorption and variable costing, determine the following for Year 9 and Year 10 using variable costing. Year-9 a. Cost of Ending Inventory b. Operating Income c. Total Period Cost Year-10 a. Cost of Ending Inventory b. Operating Income c. Total Period Cost