In 2021, Daisy Inc the company incurred the following costs Direct materials $ 10 00 per unit Direct labour $ 8 00 per unit Variable manufacturing overhead $ 4 00 per unit Fixed manufacturing overhead $ 45,000 Variable selling expenses $ 2 00 per unit Fixed selling expenses $ 10,000 Variable net income $42,000 Costs are unchanged from 2020 Use the costs provided to answer the following questions for each of the following scenarios SCENARIO 1 In 2021, Daisy produced 20,000 units and sold 18,000 units There was no beginning FG inventory and no beginning or ending WIP inventory a) Do you expect absorption net income to be higher or lower than variable net income and why b) Calculate fixed overhead per unit $ C) How many units are in inventory at the end of the year units d) Calculate the company's product cost per unit under a variable costing approach $ e) Calculate the company's total selling expenses under a variable costing approach $ f) Calculate the company's product cost per unit under an absorption costing approach $ g) Calculate company's total selling expenses under an absorption costing approach $ Variable selling expenses 2 00 per unit Fixed selling expenses $ 10,000 $42,000 Variable net income Costs are unchanged from 2020 Use the costs provided to answer the following questions for each of the following scenarios SCENARIO 1 In 2021, Daisy produced 20,000 units and sold 18,000 units There was no beginning FG inventory and no beginning or ending WIP inventory a) Do you expect absorption net income to be higher or lower than variable net income and why b) Calculate fixed overhead per unit $ C) How many units are in inventory at the end of the year units d) Calculate the company's product cost per unit under a variable costing approach $ e) Calculate the company's total selling expenses under a variable costing approach $ f) Calculate the company's product cost per unit under an absorption costing approach $ g) Calculate company's total selling expenses under an absorption costing approach $ h) Calculate the difference in variable product cost unit vs absorption cost per unit $ i) For scenario 1, will the company's absorption net income be higher, equal or lower than under variable net income And by how much What is absorption net income By how much $ Absorpthan net income is $

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In 2021, Daisy Inc  the company incurred the following costs  Direct materials $ 10 00 per unit Direct labour $ 8 00 per unit Variable manufacturing overhead $ 4 00 per unit Fixed manufacturing overhead $ 45,000 Variable selling expenses $ 2 00 per unit Fixed selling expenses $ 10,000 Variable net income $42,000 Costs are unchanged from 2020  Use the costs provided to answer the following questions for each of the following scenarios  SCENARIO 1  In 2021, Daisy produced 20,000 units and sold 18,000 units  There was no beginning FG inventory and no beginning or ending WIP inventory  a) Do you expect absorption net income to be higher or lower than variable net income  and why  b) Calculate fixed overhead per unit  $ C) How many units are in inventory at the end of the year  units d) Calculate the company's product cost per unit under a variable costing approach  $ e) Calculate the company's total selling expenses under a variable costing approach  $ f) Calculate the company's product cost per unit under an absorption costing approach  $ g) Calculate company's total selling expenses under an absorption costing approach  $ Variable selling expenses   2 00 per unit Fixed selling expenses $ 10,000 $42,000 Variable net income Costs are unchanged from 2020  Use the costs provided to answer the following questions for each of the following scenarios  SCENARIO 1  In 2021, Daisy produced 20,000 units and sold 18,000 units  There was no beginning FG inventory and no beginning or ending WIP inventory  a) Do you expect absorption net income to be higher or lower than variable net income  and why  b) Calculate fixed overhead per unit  $ C) How many units are in inventory at the end of the year  units d) Calculate the company's product cost per unit under a variable costing approach  $ e) Calculate the company's total selling expenses under a variable costing approach  $ f) Calculate the company's product cost per unit under an absorption costing approach  $ g) Calculate company's total selling expenses under an absorption costing approach  $ h) Calculate the difference in variable product cost unit vs  absorption cost per unit  $ i) For scenario 1, will the company's absorption net income be higher, equal or lower than under variable net income  And by how much  What is absorption net income  By how much  $ Absorpthan net income is $

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In 2021, Daisy Inc. the company incurred the following costs: Direct materials $ 10.00 per unit Direct labour $ 8.00 per unit Variable manufacturing overhead

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