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The Southern Corporation manufactures a single product and has the following cost structure Variable costs per unit: Production Selling and administrative Fixed costs per year:
The Southern Corporation manufactures a single product and has the following cost structure Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative $ $ 33 13 $217,210 $195,490 Last year, 7.490 units were produced and 7,390 units were sold. There was no beginning inventory. nces The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Multiple Choice O $2,900 less than under absorption costing o $7390 greater than under absorption costing
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