Montana Industries has the following costs for the year just ended: Beginning variable manufacturing overhead in inventory $31,080 Beginning fixed manufacturing overhead in inventory 380 89 Ending variable manufacturing overhead in inventory $15, 850 Ending fixed manufacturing overhead in inventory 49, 080 Fixed selling and administrative costs $748,808 Units produced 5, 580 units Units sold 5, 183 units What Is the difference between operating incomes under absorption costing and variable casting: Multiple Choice O O None of the crawera in correct. O $31,500. O $3150. O $10.000.2 Vega Enterprises has computed the following unit costs for the year just ended: Direct material used $12 Direct labor 17 variable manufacturing overhead 24 =Book Fixed manufacturing overhead 32 Variable selling and administrative cost Fixed selling and administrative cost 16 Ack Under variable costing. each unit of the company's Inventory would be carried at: Multiple Choice O $33. O $53. O None of the answers Is correct. O O $62.3 Fort Smith Technologies Incurred the following costs during the past year when planned production and actual production each totaled 20,000 units: Direct material used $310, 080 Direct labor 140, 608 variable manufacturing overhead 180, 080 -Book Fixed manufacturing overhead 150, 080 Variable selling and administrative cost 70, 008 Fixed selling and administrative cost 85, 080 Ask If Fort Smith uses variable costing, the total inventorlable costs for the year would be: Multiple Choice O $450.000. O $700,000. O $630.000. O $780,000. O $520.000.4 Riverton Corp., which began business at the start of the current year, had the following data: Planned and actual production: 40,000 units Sales: 39,000 units at $15 per unit Production costs: :Book Variable: $4 per unit Fixed: $296.000 Selling and administrative costs: Ack Variable: $1 per unit Fixed: $39.000 The gross margin that the company would disclose on an absorption-costing Income statement Is: Multiple Choice O $390.000. O $71,400. O $140,400. O None of the answers Is correct. n $133,000.5 Direct material used $ 9 Direct labor 16 Variable manufacturing overhead 20 Fixed manufacturing overhead 24 Variable selling and administrative cost 5 :Book Fixed selling and administrative cost 28 Ack Under absorption costing, each unit of the company's Inventory would be carried at: Multiple Choice O $50. O None of the answers Is correct. O $45. O $102 O $69