100% G mants Tables Charts SmartArt Raview Paragraph 123 Styles AABBCCDD Abbcc de A E Aabbccdee AaBbCcD Aa Bb Ccdee No Spacing Heading 1 Hending 3 Heading 2 Normal 1:21: 3111.12.17 15 16 17 nulemia ini Problem 2-40 Anancial Statement Bements Cost Behaviy LO 2-5,2-6, 2-3 2. Nencome: $48.000 Mason Carparation began operations at the beginning of the current year. One of the company's products, a refrigeration clement, nella for $185 per unit Information related to the current year's action to follow 37 Vatable costsperunt Dred material Dredlabo Malucturing overhead Auted costs Marturing overhead Seing and administra Production and Sales activ Production Salesund 03 85000 24.000 2200 Mason cames its finished goods inventory at the art unit cost of production and is subject to a 30 percent income tax rate. There was no work in process at year-end Required 1. Determine the cost of the December 31 finished goods inventory 2. Compute Muson's net income Ext the current year ended December 31 3. If next year's production decreases to 22.00 units and general cost behavior patterns dos change, what is the lacly clfeston The direct labor cost of 537 per unit) Why? b. The fixed manufacturing overhead cost of Saxo? Why? The fuad selling and administrative cost of $860.000? Why? 2 The nera un cost of production! Why? sut View Sec 1 Pages: 8 of 9 Words: 1347 of 1556 3 W MacBook 180 f &