Refer to E17.17. What is Gregson’s ending inventory using variable costing?

Data from E17.17

Refer to E17.16. What is Gregson’s variable contribution margin and profit?

Data from E17.16.

Gregson Enterprises, in its first year of operations, reported the following information:

What is Gregson’s absorption costing gross margin and profit?

Selling price per unit Direct materials per unit Direct labor per unit Unit-related overhead per unit Selling cost per unit Batch-related overhead for the year Facility-sustaining overhead for the year Fixed administrative cost for the year Units produced Units sold $ 100 50 1 6 2 500,000 800,000 650,000 20,000 15,000