Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of operations, 4,400 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials $36.20 Direct labor 14.20 Fixed factory overhead 5.80 Variable factory overhead 5.10 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept. Absorption costing Variable costing Variable Costing-Sales Exceed Production The beginning inventory is 19,800 units. All of the units that were manufactured during the period and 19,800 units of the beginning inventory were sold. The beginning inventory fixed manufacturing costs are $64 per unit, and variable manufacturing costs are $112 per unit. a. Determine whether variable costing income from operations is less than or greater than absorption costing income from operations b. Determine the difference in variable costing and absorption costing income from operations. $ $ Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $77 per unit, and fixed manufacturing costs are $100,300. Sales are estimated to be 4,500 units. If an amount is zero, enter "0". Do not round interim calculations. Round final answer to nearest whole dollar. a. How much would absorption costing income from operations differ between a plan to produce 4,500 units and a plan to produce 5,900 units? b. How much would variable costing income from operations differ between the two production plans? Contribution Margin by Segment The following data are for Cabin Craft Apparel: East West Sales volume (units): Product XX 5,100 4,800 Product YY 3,100 4,700 Sales price: Product XX $20 $22 Product YY $25 $23 Variable cost per unit: Product XX $12 $12 Product YY $15 $15 a. Determine the contribution margin for Product YY. $ b. Determine the contribution margin for the West Region. $ The actual variable cost of goods sold for a product was $45 per unit, per unit, while the planned variable cost of goods sold was $37 per unit. The volume decreased by 4,000 units to 50,200 actual total units. Enter all amounts as positive numbers. a. Determine variable cost quantity factor. $ Decrease in variable cost of goods sold 148,000 b. Determine the unit cost factor for variable cost of goods $ sold. Decrease in contribution margin 401,600