Sparn Limited incurs the following costs to produce and sell a single product: Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative expenses Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses During the last year, 54,000 units were produced and 31,500 units were sold. The Finished Goods Inventory account at the end of the year shows a balance of $285,000 for the 7,500 unsold units. Absorption costing Required: 1-a. Is the company using absorption costing or variable costing to cost units in the Finished Goods Inventory account? O Variable costing 1-b. Show computations to support your answer. Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Total cost, 7,500 units Variable Absorption Costing Costing $ 23 11 4 0 $ 324,000 504,000 0

Data: So 101; X= 114; 1+r= 1.12. The two possibilities for sr are 143 and 85.

Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?

Problem 20-96 from pic.