Help on questions 20-22

20. A corporation produces a single product and has the following cost structure 7,000 Number of units produced each year Variable costs per unit Direct materials Direct labor Variable manufacturing overhead $51 $12 $2 $5 Variable selling and administrative expense Fixed costs per year Fixed manufacturing overhead.. Fixed selling and administrative expense $441,000 $112,000 The absorption costing unit product cost is A) $149 per unit B) $65 per unit C) $63 per unit D) $128 per unit 00. Fixed manufacturing 21. Last year, a corporation's variable costing net operating income was $63,4 overhead costs released from inventory under absorption costing amounted to $10,700. What was th absorption costing net operating income last year? A) $10,700 B) $74,100 C) $63,400 D) $52,700 22. The following data pertain to last year's operations at a company that produces a single product Units in beginning inventory Units produced 100,000 98,000 Units sold Selling price per unit Variable costs per unit $10.00 Direct materials Direct labor $1.50 $2.50 $1.00 Variable manufacturing overthead.. Variable selling and administrative $2.00 $200,000 $50,000 expense. Fixed expenses per year Fixed manufacturing overhead. Fixed selling and administrative expense What was the absorption costing net operating income last year? A) $44,000 B) $48,000 C) $50,000 D) $49,000