Number of units produced 30, 000

Number of units sold 28,000

Selling price $20

Beginning inventory 0

Fixed selling and administrative costs $ 20,000

Fixed manufacturing overhead $ 150,000

Direct materials cost per unit 2

Direct manufacturing labor 6

Variable manufacturing overhead per unit 4

Variable selling expenses per unit 2

FMOH per unit 5

1.Operating Income under Absorption method is

2.If Sales Revenue $560,000 then Gross Margin under Absorption method is

3.Cost of Goods Sold and Ending inventory under Absorption costing method are:

4.What is Cost of Goods Manufactured under Variable costing method

5.What is Cost of goods manufactured under Absorption costing method