Chapter 9 Jarvis Golf Company sells a special puter for $20 each. In March, it sold 28,000 putters while budgeted and manufactured 30,000. There was no beginning inventory on March 1. Production information for March was: Fixed selling and administrative costs 40,000 Fixed manufacturing overhead Direct materials cost per unit 2 Direct manufacturing labor 6 Variable manufacturing overhead per unit 4 Variable selling expenses per unit FMOH cost per unit? $ 132,000 Required: 1) Compute the cost per unit under both absorption and variable costing. Absorption Yariable Direct manufacturing labor per unit Direct materials per unit 3) Compute the Cost of goods sold and Bnding inventories under both absorption and variable costing. Show your work Cost of goods sold: Ending inventory: 3) CGS and Ending inventory (3 points) A) 492,000 and 336,000 B) 459,200 and 336,000 C) 222,000 and386,000 D) None of these 32,800 and 24,000 32,800 and 24,000 30,000 and 28,000 Absorption-costing income statement Show your work Sales Cost of goods sold Gross margin 4 points) 4) Gross margin: A) 200,800 B) 100,800 C) 100,200 D) None of these Less: Variable selling and administrative Fixed selling and administrative 4 points) Operating income Income: A) 4,800 B) 2,200 C) 5,800 D) None of these 13 Variable-costing income statement Show your work Sales Variable Cost of Goods Sold Variable selling expenses Contribution margin (4 points) 6) Contribution margin: A) 168,000 B) 158,000 C) 140,000 D) None of these Fixed costs: Manufacturing Selling and administrative (4 points) Operating income 7) Operating Income A) (6,000) B) (4,000) C) 4,000 D) None of these