Pete's Plant Stands manufactures wooden stands used by plant nurseries. In May, the company sold $16,560$ stands. The cost per unit for the $18,000$ stands produced in May was as follows:

Costs per unitDirect material$$9\mathrm{.}00$Direct labor$6\mathrm{.}00$Variable overhead$3\mathrm{.}00$Fixed overhead$4\mathrm{.}00$Total$$22\mathrm{.}00$

There were no beginning inventories for May and no work in process at the end of May.

a$.$ What is the cost of production per unit under absorption costing?

$Answer $1$

b$.$ What is the cost of production per unit under variable costing?

$Answer $2$

c$.$ What is the value of ending finished goods inventory using absorption costing?

$Answer $3$

d$.$ What is the value of ending finished goods inventory using variable costing?

$Answer $4$

e$.$ Which accounting method, variable or absorption$,$ would have produced the higher net income for May? Why?

Answer $5$Absorption costingbalance sheetfixed manufacturing costsincome statementVariable costingvariable manufacturing costs would have produced the higher net income because $Answer $6$

ofAnswer $7$Absorption costingbalance sheetfixed manufacturing costsincome statementVariable costingvariable manufacturing costswould have been deferred in theAnswer $8$Absorption costingbalance sheetfixed manufacturing costsincome statementVariable costingvariable manufacturing costs.