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 190,000 sheets pencil casings 190,000 Sales: paper 175,000 at $0.20 per page pencil casings 187,000 at $0.26 per casing The cost of purchasing 340 trees and processing them up to the splitoff point to yield 190,000 sheets of paper and 190,000 pencil casings is $14,000. Bismite's accounting department reported no beginning inventory. If the sales value at splitoff method is used, what is the approximate production cost for each paper sheet? $0.032 $0.035 $0.045 $0.042 Gloria's Decorating produces and sells a mantel clock for $100 per unit. In 2015, 42,125 clocks were produced and 37,958 were sold. Other information for the year includes: Direct materials Direct manufacturing labor Variable manufacturing costs Sales commissions Fixed manufacturing costs Administrative expenses, all fixed $40.00 per unit $ 5.00 per unit $ 7.50 per unit $12.50 per part $62.50 per unit $37.50 per unit What is the inventoriable cost per unit using absorption costing? $115.00 $52.50 $80.00 $45.00