Question 1 During the most recent year, Jerai Company had the following data associated with the product it makes: Units in beginning inventory 300 Units produced Units sold (RM300 per unit) Variable costs per unit 15,000 12,700 RM Direct materials 20 Direct labor 60 Variable overhead 12 Fixed costs Fixed overhead per unit produced 30 Fixed selling and administrative 140,000 Refer to the data above: a) How many units are in ending inventory? b) Using absorption costing and variable costing, calculate the per unit product cost. c) What is the value of ending inventory under absorption costing and variable costing? d) Calculate the cost of goods sold under absorption costing and variable costing. e) Prepare an income statement using absorption costing and variable costing.

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need help please.  also, please Calculate the total cost of the1,600 units in ending inventory using absorption costing and variable costing

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V. Prepare a CONTRIBUTION MARGIN (also known as variable costing) income statement given a traditional (also known as absorption costing) income statement Bruno Industries manufactures and sells a single product. The controller has prepared the following income statement for the most recent year: B C D 1 2 3 Bruno Industries Traditional Income Statement (Absorption Costing) For the Year Ended December 31 4 5 Sales revenue 6 Less: Cost of goods sold 7 Gross profit 8 Less: Operating expenses 9 Operating income $ 406,000 329,000 $ 77,000 73,000 $ 4,000 10 The company produced 8,000 units and sold 7,000 units during the year ending December 31. Fixed manufacturing overhead (MOH) for the year was $152,000, while fixed operating expenses were $62,000. The company had no beginning inventory. Requirements 1. Will the company's operating income under variable costing be higher, lower, or the same as its operating income under absorption costing? Why? 2. Prepare a variable costing income…

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The level of inventory of a manufactured product has increased by 7,741 units during a period. The following data are also available: Fixed Unit manufacturing costs of the period $7.00 Unit operating expenses of the period 4.00 1.00 The effect on operating income if variable costing is used rather than absorption costing would be a[n) O $61.920 decrease Ob. 161.928 increase O$54.187 increase d. 554.107 decrease Variable $10.00

The level of inventory of a manufactured product has increased by 7,859 units during a period. The following data are also available: Variable Fixed Unit manufacturing costs of the period $11.00 $8.00 Unit operating expenses of the period 4.00 2.00 The effect on operating income if variable costing is used rather than absorption costing would be a(n) Oa. $78,590 increase Ob. $62,872 increase Oc. $78,590 decrease Od. $62,872 decrease

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