The company sells golf clubs for 22 eur each. During March, 28995 pcs were sold and 29056 pcs were produced.

In the beginning of March the Inventory value was 0. For the month March the following information is available:

Direct work in minutes per golf club: 15

Fixed sales and administration costs: 42000

Fixed manufacturing costs: 134000

Direct materials per golf club: 2

Direct work costs per hour: 24

Variable manufacturing cots per golf club: 4

Variable sales costs per sold golf club: 2

1. What is the value of the inventory of finished goods at the end of March when using direct/variable costing?

2. The value of the stock of finished products at the end of March when using absorption costing?

3. What is the Operating result for March when using variable/direct costing?

4. What is the Operating result for March when using absorption costing?