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Hi, could someone please give me explanation and steps to do these questions? Thank you very much! 23) The following information pertains to Mayben'y Corporation:

Hi, could someone please give me explanation and steps to do these questions? Thank you very much!

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23) The following information pertains to Mayben'y Corporation: Beginning inventory 1,000 units Ending inventory 6,000 units Production 10,000 units Selling price per unit $125 Direct labour per unit $40 Direct materials per unit 20 Variable overhead per unit 10 Fixed overhead $300,000 Variable selling and admin. costs per unit 6 Fixed selling and admin. costs per unit 14,000 What is the value of the ending inventory using the absorption costing method? a) $240,000 b) $360,000 c) $600,000 0) $420,000 24) Using the information 'om Question 23. What is the value of the ending inventory using the variable costing method? a) $240,000 b) $360,000 c) $350,000 0) $420,000 25) Using the information from Question 23. What is operating income/(loss) under variable costing? $69,000 ($69,000) $51,000 $81,000 Page 6 of 14 26) Using the information from Question 23. What is operating income/(loss) under absorption costing? $81,000 $66,000 $51,000 ($81,000)

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