Krepps Corporation produces a single product. Last year, Krepps manufactured 27,120 units and sold 21,800 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $222,384 $124,752 $208,824 $461,040 Sales totaled $915,600 for the year, variable selling and administrative expenses totaled $128,620, and fixed selling and administrative expenses totaled $197,976. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be valued at: Multiple Choice $261,000 o o $227,000 $269,500 o o $199,500 The Southern Corporation manufactures a single product and has the following cost structure: s s 42 16 Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative $114,240 $ 98,250 Last year, 7140 units were produced and 6,940 units were sold. There was no beginning Inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Multiple Choice O the same as absorption costing O 56,940 greater than under absorption costing. $6,940 less than under absorption casting, O $3,200 less than under absorption costing. Labadie Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: 84 Variable costs per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $ 990,000 $3,207,600 $2,292,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 39,600 units and sold 38,200 units. The company's only product is sold for $161 per unit. Assume that the company uses a variable costing system that assigns $25 of direct labor cost to each unit that is produced. The unit product cost under this costing system is: Multiple Choice $190 per unit $109 per unit o $84 per unit $250 per unit