a. $10,000 increase b. $140,000 increase d. $60,000 increase Use the following information to answer questions 21 and 22 of a prodoct ast period, Production costs ABC Company produced 20,000 nits an sold 15, 000 units Direct materials Direct labor Variable factory overhcad $170,000 110,000 200,000 240,000 Fixed factory overhead Sales totaled $825,000 for the period, variable selling and administratie expenses totaled $108,000, and fixed selling and administrative expenses totaled S165,00. beginning inventory. 21. Under Absorption costing, the ending inventory for the period would be valoed at A. $12,000 B. $216,000 C. S248.250 D. $180,000 E. None of the above is correct 22. Under variable costing, the company's operating income for the period would be: A. $101, 250 lower than under absorption costing B. $60,000 higher than under absorption costing. C. $101,250 higher than under absorption costing. D. $60,000 lower than under absorption costing. E. None of the above For better control of direct material prices, when should direct material price variance be recognized? 23. a. b. c. d. when material is purchased when material is issued from the storeroom when material is put into production when production is completed 6