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please help with these accounting questions 36) In its third year of business. Greeniam Inc started with 200 units in Finished Goods. firm made 600
please help with these accounting questions
36) In its third year of business. Greeniam Inc started with 200 units in Finished Goods. firm made 600 units and sold 800 units during the year. Under variable costing A) Its operating profit for the year will be higher than under absorption costing. B) Its operating profit for the year will be lower than under absorption costing C) The value of its ending i inventory on the balance sheet at year-end will be higher than under absorption costing D) Its operating profit for the year will be the same as under absorption costing 37) Kaycom Inc. reports the following information: nits produced sold 500 units 500 units $110 per unit rect materials rect labor riable manufacturing overhead ed manufacturing overhead $i5 per unit 5,000 per year ariable selling and edministrative costs5per unit seling and administrative costs $10,000 per year Find the unit product cost that will be used for external reporting A) $45 per unit B) $65 per unit C) $85 per unit D) $75 per unit 38) A variable costing income statement is used for: A) Filing income tax returns B) External reporting C) Determining the amount of gross profit D) Internal decision-making Under absorption costing, operating profit can be: A) Increased by increasing production without increasing sales B) Decreased by increasing production without decreasing sales C) Decreased by increasing the level of ending finished goods inventory 39) D) Increased by decreasing sales and keeping production equal to sales o) Variable costing is more appropriate than absorption costing for A) Decisions related to short-term production planning within the firm's relevant range B) Decisions about reducing fixed costs that are controllable by upper management C) Decisions that do not involve analysis of profitability based on sales mix D) Decisions that do not involve analysis of contribution margin
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