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Hi all! I'm have trouble answering these cost accounting questions so any help would be great! Thanks. Use the following to answer questions: Beginning inventory

Hi all! I'm have trouble answering these cost accounting questions so any help would be great! Thanks.

Use the following to answer questions:

Beginning inventory in units

0

Units produced

2,400

Units sold

2,000

Sales

$200,000

Material cost (unit level or variable)

$ 24,000

Variable conversion cost used (Committed)

$ 48,000

Facility-level or fixed manufacturing cost

$ 36,000

Indirect operating costs (fixed)

$ 40,000

1. The variable cost of goods sold is:

A) $55,000

B) $60,000

C) $90,000

D) $20,000

E) $30,000

2. The absorption operating income is:

A) $70,000

B) $140,000

C) $56,000

D) $64,000

E) $78,000

2 The variable ending inventory is:

A) $ 18,000

B) $ 4,000

C) $ 20,000

D) $ 12,000

E) $ 8,000

4 The absorption ending inventory is:

A) $ 20,000

B) $ 12,000

C) $ 18,000

D) $ 4,000

E) $ 8,000

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