The following information is available for SAN JOSE CORP.'s new product line: Sale price per unit Variable manufacturing cost per unit of production Total annual fixed manufacturing cost Variable administrative cost per unit Total annual fixed administrative expenses There was no inventory at the beginning of the year. Normal capacity is 12,500 units. During the year, 12,000 units were procuced and 10,000 units were sold. REQUIREMENTS: (1) What is the cost of ending inventory under direct costing and absorption costing, respectively? (2) What is the net income under direct costing and absorption costing, respectively? P 30 8. 25,000 3 15,000

Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing.  Sales price $ 57.50 per unit Direct materials $ 10.50 per unit Direct labor $ 8.00 per unit Variable overhead $ 12.50 per unit Fixed overhead $ 1,237,500 per year  1. Compute gross profit assuming (a) 75,000 units are produced and 75,000 units are sold and (b) 110,000 units are produced and 75,000 units are sold.2. By how much would the company’s gross profit increase or decrease from producing 35,000 more units than it sells?

please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)

Please do not give solution in image format thanku

The following data relates to Alpha Company. Units in beginning inventory — Units produced 25,000 Units sold ($250 per unit) 21,000 Variable costs per unit:   Direct materials $35 Direct labor 60 Variable overhead 25 Fixed costs:   Fixed overhead per unit produced $50 Fixed selling and administrative expenses 160,000 Determine the value of ending inventory under variable costing.

Absorption costing does not distinguish between variable and fixed costs. All manufacturing costs are included in the cost of goods sold. Saxon, Inc.Absorption Costing Income StatementFor the Year Ended December 31 Sales   $1,200,000  Cost of goods sold:       Cost of goods manufactured $840,000      Ending inventory (210,000)       Total cost of goods sold   (630,000) Gross profit   $570,000  Selling and administrative expenses   (290,000) Operating income   $280,000  Variable Statement Under variable costing, the cost of goods manufactured includes only variable manufacturing costs. This type of income statement includes a computation of manufacturing margin. Saxon, Inc.Variable Costing Income StatementFor the Year Ended December 31 Sales   $1,200,000  Variable cost of goods sold:       Variable cost of goods manufactured $600,000      Ending inventory (150,000)       Total variable cost of goods sold   (450,000) Manufacturing margin   $750,000…