Beginning inventory Units produced Units sold Sales price per unit Selling and administrative expenses: Variable per...

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Beginning inventory Units produced Units sold Sales price per unit Selling and administrative expenses: Variable per unit Fixed Manufacturing costs: Required: Direct materials cost per unit Direct labor cost per unit Variable overhead cost per unit Fixed overhead cost (total) 0 42,000 35,000 P 80 5% of sales P 560,000 15 7 2 640,000 1. Under variable costing and absorpotion costing, respectively, compute the: a. unit product costs. b. c. profit.. ending inventory value. 2. Reconcile the difference in profit between the absorption and direct costing methods. Beginning inventory Units produced Units sold Sales price per unit Selling and administrative expenses: Variable per unit Fixed Manufacturing costs: Required: Direct materials cost per unit Direct labor cost per unit Variable overhead cost per unit Fixed overhead cost (total) 0 42,000 35,000 P 80 5% of sales P 560,000 15 7 2 640,000 1. Under variable costing and absorpotion costing, respectively, compute the: a. unit product costs. b. c. profit.. ending inventory value. 2. Reconcile the difference in profit between the absorption and direct costing methods.