Bismite Corporation purchases trees from Cheney lumber and processes them up to the splitoff point where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October: Trees processed: 340 trees Production: paper 160,000 sheets pencil casings 160,000 Sales: paper 148,000 at $0.10 per page pencil casings 157,500 at $0.14 per casing The cost of purchasing 340 trees and processing them up to the splitoff point to yield 160,000 sheets of paper and 160,000 pencil casings is $14,500. Bismite's accounting department reported no beginning inventory. What is the total sales value at the splitoff point for paper? $14,800 $22.400 $22,050 $16,000 Stiller Corporation incurred fixed manufacturing costs of $26,000 during 2015. Other information for 2015 includes: The budgeted denominator level is 2200 units. Units produced total 1800 units. Units sold total 1300 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold. Operating income using absorption costing will be costing. than operating income if using variable $5910 higher $10,638 higher $15,364 lower $7222 lower