Exercise 6 18 consists of multiple parts I have attached images of the questions, please refer to them to answer I need step by step methods and or explanations with it Images included in this discussion box Will rate response helpful promptly if there is good step by step methods and explanations Thank you E6 18 Question 1 Green Company sells its product for $11000per unit Variable costs per unit are manufacturing, $6700 and selling and administrative, $140 Fixed costs are $31200manufacturing overhead, and $412009elllng and administrative There was no beginning inventory at 1 1 18 Production was 24units per year in 2018 2020 Sales were 24units in 2018 20units in 2019, and 28units in 2020 Income under absorption costing for 2020 is a $32720 b $39420 c $38380 d $44080 Answer Question 2 EKP's unit production cost under variable costing is $5, and $9 under absorption costing Net income under variable costing was $11500 and $15500 under absorption costing last year EKP sold 19500 units How many units did it produce 20500 18500 21800 17500 gnu 9 Answer Question 3 Under absorption casting, a only direct variable manufacturing costs are inventoriable b only direct xed manufacturing costs are inventoriable c all manufacturing costs are inventoriable d no manufacturing costs are inventoriable Answer Question 4 M H's unit production cost under variable casting is $26, and $33 under absorption costing Net income under variable costing was $241000 and $179400 under absorption costing last year Production equalled 60000 units How many units did M H sell a 60800 0 51200 c 57000 d 53000 Answer Questions Obama Company sells its product for $280er unit During 2020, it produced 30000units and sold 12000units (there was no beginning inventory) Costs per unit are direct materials $6, direct labour $5, and variable overhead $4 Fixed costs are $480000manufacturing overhead and $105000sel ing and administrative expenses Ending inventory under variable costing Is a $270000 b $450000 c $750000 0 $355000 Answer Question 6 How are xed manufacturing costs handled under variable costing a They are subtracted from the variable cost of goods sold to determine the ending inventory value that will be recorded on the Balance Sheet b They are not recorded, which is why variable costing is not used for external reporting c They are recorded directly on the Balance Sheet 0 They are treated as period costs

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Exercise 6 18 consists of multiple parts  I have attached images of the questions, please refer to them to answer  I need step by step methods and or explanations with it  Images included in this discussion box  Will rate response helpful promptly if there is good step by step methods and explanations  Thank you  E6  18  Question 1 Green Company sells its product for $11000per unit  Variable costs per unit are  manufacturing, $6700  and selling and administrative, $140  Fixed costs are  $31200manufacturing overhead, and $412009elllng and administrative  There was no beginning inventory at 1 1 18  Production was 24units per year in 2018 2020  Sales were 24units in 2018  20units in 2019, and 28units in 2020  Income under absorption costing for 2020 is a  $32720  b  $39420  c  $38380  d  $44080  Answer  Question 2 EKP's unit production cost under variable costing is $5, and $9 under absorption costing  Net income under variable costing was $11500 and $15500 under absorption costing last year  EKP sold 19500 units  How many units did it produce  20500 18500 21800 17500 gnu 9  Answer  Question 3 Under absorption casting, a  only direct variable manufacturing costs are inventoriable  b  only direct xed manufacturing costs are inventoriable  c  all manufacturing costs are inventoriable  d  no manufacturing costs are inventoriable  Answer  Question 4 M H's unit production cost under variable casting is $26, and $33 under absorption costing  Net income under variable costing was $241000 and $179400 under absorption costing last year  Production equalled 60000 units  How many units did M H sell  a  60800 0  51200 c  57000 d  53000 Answer  Questions Obama Company sells its product for $280er unit  During 2020, it produced 30000units and sold 12000units (there was no beginning inventory)  Costs per unit are  direct materials $6, direct labour $5, and variable overhead $4  Fixed costs are  $480000manufacturing overhead  and $105000sel ing and administrative expenses  Ending inventory under variable costing Is a  $270000  b  $450000  c  $750000  0  $355000  Answer  Question 6 How are xed manufacturing costs handled under variable costing  a  They are subtracted from the variable cost of goods sold to determine the ending inventory value that will be recorded on the Balance Sheet  b  They are not recorded, which is why variable costing is not used for external reporting  c  They are recorded directly on the Balance Sheet  0  They are treated as period costs

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Exercise 6.18 consists of multiple parts. I have attached images of the questions, please refer to them to answer. I need step by step methods

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