QUESTION 3 AAJ Inc. produces training videos for other companies. They hire actors and record all films in rented facilities. AA reported the following financial information for last year. Total Revenue $925 Total training videos sold during the period Completed training videos produced in the period Direct Materials $18,600 Direct Labor $216,000 Special Effects $75,000 Facility Rentals $15,000 Equipment Maintenance $50,000 (considered a fixed expense) Variable Selling Expense $19,375 The next three parts assume that AAJ uses variable costing. a. What is the unit cost of a training video? b. What is COGS? What is Finished Goods Inventory? c. What is operating income? The next three parts assume that AAJ uses absorption costing. d. What is the unit cost of a training video? e. What is COGS? What is Finished Goods Inventory? 1. What is operating income? Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All