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The Ramblers Softball company had the following information for 2 0 2 2 . The firm started the period with no finished goods inventory. Selling
The Ramblers Softball company had the following information for The firm started the period with no finished goods inventory.
Selling PriceUnit Units Produced Units Sold Fixed Manufacturing Costs Direct MaterialsUnit Direct LaborUnit Variable OHUnit Var SG&AUnit Fixed SG&A
$ $ $ $ $ $ $
Year
Absorption Costing Variable Direct Costing
Account Calculation Total
Amount Account Calculation Total
Amount
Sales Revenue Sales Revenue
COGS Variable Expenses
Gross Margin Contribution Margin
S G & A Fixed Expenses
Operating Income Operating Income
The unit product cost under Absorption Costing is:
A $unit
B $unit
C $unit
D $unit
The unit product cost under Variable Costing is:
A $unit
B $unit
C $unit
D $unit
The Cost of Goods Sold under Absorption Costing is:
A $
B $
C $
D $
Total Variable Expenses are:
A $
B $
C $
D $
Gross Margin is:
A $
B $
C $
D $
Total Contribution Margin is:
A $
B $
C $
D $
Operating Income under Absorption Costing is:
A $
B $
C $
D $
Operating Income under Variable Costing is:
A $
B $
C $
D $
The change in inventory units if any used in reconciling the difference in Operating Income between the Absorption and Variable Costing methods is:
ANo change in inventory units
B unit change
C unit change
D Cannot be determined
To reconcile the difference in Operating Income between the Absorption and Variable Costing methods, multiply the change in inventory units by
A Variable Production Costs per unit
B Fixed Manufacturing Costs per unit
C Variable S G & A per unit
D Fixed S G & A per unit
The answers are CADCACBDCB. I need help with calculationsexplanations on how to get to these answers.
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