QUESTION 24 Johnston Corporation manufactures a single product that it sells for $30 per unit. The company has the following cost structure Variable Costs per Unit: Production $8 Selling and Administrative $5 Fixed Costs in Total Production $80,000 Selling and Administrative $60,000 Last year there was no beginning inventory. During the year, 20,000 units were produced and 17.000 units were sold Under absorption costing, the unit product cost would be $20 per unit $15 per unit 513 per unit $8 per unit $12 per unit QUESTION 25 Kosco Corporation produces a single product. The company's absorption costing income statement for March follows: Kosco Corporation Income Statement For the Month Ended March 31 Sales (2.400 units) $48.000 Cost of Goods Sold $24,000 Gross Margin $24,000 Selling and Administrative Expenses Fixed $7.200 Variable $9.600 Net Operating Income $7,200 During March, the company's variable manufacturing costs were 58 per unit and its fixed manufacturing overhead totaled $5,000 The contribution margin per unit during March was: 58 per unit $12 per unit $10 per unit $3 per unit $6 per unit Click Save and Submit to save and submit. Click Save All Answers to save all answers