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1 under variable costing the cost of goods sold is

2 under absorption costing the cost of goods sold is

3 What would the contribution margin be under absorption costing?

4 What would the contribution margin be under variable costing

5 What would the gross margin be under absoprtion costing

6 What would the contribution margin be under variable costing

7 What is the total period expenses under absorption costing

8 What is the total period expenses under direct costing

9 What is the operating income under absorption costing

10 Under direct costing, EBIT would be:

11 In this case what operating income would be the highest. Enter either absorption

or variable

12 By what amount would direct and absorption operating differ

The Mini Company uses an actual costing system. Denominator volume for the years 2019 and 2020 was 200,000 units. The fixed overhead spending was essetially unchanged from 2019. The following are actual data for the year 2020: Sales Opening inventory Ending inventory 235,000 units 50,000 units 20,000 units $60.00 Selling price Variable costs - Manufacturing Selling and administrative $15.00 $6.00 Fixed costs Manufacturing $4,000,000 Selling and administrative $1,500,000 Answer the follwoing questions based on this above data for the year ened 2020