Question: Absorption costing and variable costing problemsExplain and show work for these problems. 6 13. Findus Foods company produced 370,000 units and sold 310,000 units at

Absorption costing and variable costing problemsExplain and show work for these problems.

6 13. Findus Foods company produced 370,000 units and sold 310,000 units at a sales price of Chup $50 per unit. There were no units in beginning inventory. Cost information for this period is Chu shown in the following table: Costs Amount Direct Materials $2.00/unit Direct Labor $0.80/unit Variable Overhead $814,000 in total Fixed Overhead $481,000 in total Variable SG&A $78,000 in total Fixed SG&A $210,000 in total What is the product cost under absorption costing? a. $5.00 b. $6.30 C. $7.23 d. 6.55 14. What is the product cost under variable costing? $5.00 b. $6.30 C. $7.23 d. 6.55

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