Use the following data for the next seven questions:

V Variable production costs $480,000

Variable S and A costs $ 55,000

Fixed S and A costs $100,000

Fixed production costs $270,000

Unit sales price $8

Production in units 120,000

Sales in units 110,000

14. Under variable costing, the production cost per unit is:

A. $2.25

B. $6.25

C. $4.36

D. $4.00

15. Under full costing, the value of the ending inventory is:

A. $80,000.

B. $62,500.

C. $40,000.

D. $210,000.

16. Under full costing, net income (loss) is:

A. $37,500

B. $15,000

C. $(25,000)

D. None of the above.

17. Under variable costing, the contribution margin is:

A. $192,000

B. $345,000

C. $385,000

D. $400,000

18. Under full costing, the amount of deferred overhead is:

A. $0

B. $22,500

C. $270,000

D. None of the above.

19. Under variable costing, total period costs are:

A. $155,000

B. $177,500

C. $425,000

D. $370,000

20. Under full costing, cost of goods sold is:

A. $400,000

B. $495,000

C. $440,000

D. $687,500