Information taken from Horner Corporation's May accounting re oids fol Direct materials used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Sales revenues $200,000 87,000 3. 162,300 58, 000 67, 660,000 Required: A. Assuming the use of variable costing, compute the inventoriable costs for the month. B. Compute the month's inventoriable costs by using absorption costing. C. Assume that anticipated and actual production totaled 27,000 units, and that 21,500 units were sold during May. Determine the amount of fixed manufacturing overhead and fixed selling and administrative costs that would be expensed for the month under (1) variable costing and (2) absorption costing D. Assume the same data as in requirement "C." Compute the contribution margin that would be reported on a variable-costing income statement A Inventoriable costs by using variable costing Sales revenues a,e Required: A. Assuming the use of va.iable costing, compute the inventoriable c B. Compute the month's inventoriable costs by using absorption cost C. Assume that anticipated and actual production totaled 27,nno unit sold during May. Determine the amount of fixed manufacturing ove administrative costs that would be expensed for the month under absorption costing. D. Assume the same data as in requirement "C." Compute the contrib reported on a variable-costing income statement. A Inventoriable costs by using variable costing B Inventoriable costs by using absorption costing C. 1. Variable costing: Fixed manufacturing overhead Fixed selling and administrative costs 2. Absorption costing: Fixed manufacturing overhead Fixed selling and administrative costs D Contribution margin