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I need fast help in these questions. I have only 30 minutes, please do not need explanations. Just tell correct answers fast please. The following
I need fast help in these questions. I have only 30 minutes, please do not need explanations. Just tell correct answers fast please.
The following information pertains to Mayberry Corporation: 1,000 units 6,000 units $40 Beginning inventory Ending inventory Direct labor per unit Direct materials per unit Nariable overhead per unit Fixed overhead per unit Variable selling and admin. costs per Junit $20 $10 $30 $6 Fixed selling and admin. costs per unit $14 What is the value of the ending inventory using the absorption costing method? $420,000 $360,000 $600,000 $240,000 Question 22 The following information pertains to Mayberry Corporation: 1,000 units 6,000 units $40 20 Beginning inventory Ending inventory Direct labor per unit Direct materials per unit Variable overhead per unit Fixed overhead per unit Nariable selling and admin. costs per unit Fixed selling and admin. costs per unit 10 30 6 14 What is the value of the ending inventory using the variable costing method? $350,000 $240,000 O $420,000 $360,000 Loring Company had the following data for the month: Nariable costs per unit: Direct materials $4.00 Direct labor 3.20 Nariable overhead 1.00 Variable selling expenses 0.40 Fixed overhead is $4,000 per month; it is applied to production based on normal activity of 2,000 units. During the month, 2,000 units were produced. Loring started the month with 300 units in beginning inventory, with unit product cost equal to this month's unit product cost. A total of 2,100 units were sold during the month at price of $14. Selling and administrative expense for the month, all fixed, totaled $3,600 What is operating income under absorption costing? $3,540 S11,340 Nariable selling expenses 0.40 Fixed overhead is $4,000 per month; it is applied to production based on normal activity of 2,000 units. During the month, 2,000 units were produced. Loring started the month with 300 units in beginning inventory, with unit product cost equal to this month's unit product cost. A total of 2,100 units were sold during the month at price of $14. Selling and administrative expense for the month, all fixed, totaled $3,600. What is operating income under absorption costing? $3,540 S11,340 $7,980 O-S540 $3,740
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