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questions 19-23 FACTS for Problems 14-25: Marty's Entrees produces frozen meals, which it sells for $9 each. The company uses the FIFO inventory costing method,

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FACTS for Problems 14-25: Marty's Entrees produces frozen meals, which it sells for $9 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The following data are from Marty's Entrees' first two months in business: January 1,400 meals 2,000 meals $ 5 Sales ..... Production Variable manufacturing expense per meal. Sales commission expense per mcal. Total fixed manufacturing overhead Total fixed marketing and administrative expenses February 1,800 meals 1,400 meals $ 5 $ 1 $ 700 $ 1 $ 700 $ 500 $ 500 Question #19: Using Absorption/Full Costing, calculate Operating Income for February: A. $3,000 B. $3,210 C. $4,090 D. $4,200 Question #20: Using Variable Costing, calculate the value of Ending Inventory for January A. $1,000 B. $1,100 C. $3,000 D. $3,210 Question #21: Using Variable Costing, calculate the value of Ending Inventory for February A. $1,000 B. $1,100 C. $3,000 D. $3,210 Question #22: Using Variable Costing, calculate the value of COGS for January: A. $7,000 B. $7,490 C. $9,000 D. $9,810 A. Question #23: Using Variable Costing, calculate the value of COGS for February: $7,000 B. $7,490 C. $9,000 D. $9,810

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