Alyssa Company produces a single product. Last year, the company had 16,000 units in its beginning inventory. During the year, the company's variable production costs were P6 per unit and its fixed manufacturing overhead costs were P4 per unit. The company's net operating income for the year was P24,000 higher under absorption costing than it was under variable costing. Given these facts, the number of units in the ending inventory must have been: * a. 22,000 units b. 10,000 units c. 6,000 units d. 4,000 units

Whipple Company has sales revenue of $585,000. Cost of goods sold before adjustment is $335,000. The company uses machine hours to allocate manufacturing overhead and estimated 10,450 machine hours would be used during the year. For the year, manufacturing overhead was under-allocated by $13,400. The company's actual manufacturing overhead is $91,000. What is the actual gross profit?   Select one: a. $250,000 b. $159,000 c. $236,600 d. $104,400 e. $263,400

Beech Company produces a single product. The company has 55,000 units in its beginning inventory. Beech's variable production costs during the year were $10 per unit and fixed manufacturing overhead costs were applied at $30 per unit (which was the same as last year). The company's net operating income is $114,000 lower under variable costing than it is under absorption costing; and the company uses FIFO and closes any over- or under-applied overhead directly to cost of goods sold. Given these facts, what was the number of units of product in ending inventory? _______ units

On March 31, the end of the first year of operations, Barnard Inc., manufactured 5,500 units and sold 4,700 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc.Variable Costing Income StatementFor the Year Ended March 31, 20Y1 Sales   $940,000    Variable cost of goods sold:     Variable cost of goods manufactured $528,000      Inventory, March 31 (76,800)     Total variable cost of goods sold   (451,200)   Manufacturing margin   $488,800    Total variable selling and administrative expenses   (112,800)   Contribution margin   $376,000    Fixed costs:     Fixed manufacturing costs $242,000      Fixed selling and administrative expenses 75,200        Total fixed costs     (317,200)   Operating income   $58,800    Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing $fill in the blank 1 Absorption costing…