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The Southern Corporation manufactures a single product and has the following cost structure: 42 16 $ Variable costs per unit: Production Selling and administrative Fixed
The Southern Corporation manufactures a single product and has the following cost structure: 42 16 $ Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative $114,240 $ 98,250 Last year, 7.140 units were produced and 6,940 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Multiple Choice the same as absorption costing. d $6,910 greater than under absorption costing. d $6,940 less than under absorption costing O $3,200 less than under absorption costing
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