sporting: Tools for Management Chapter 7: Applying Excel Data Selling price per unit Manufacturing costs Variable par unit produced: Direct materials Direct labor 9 Variable manufacturing overhead 10 Fixed manufacturing overhead per year 11 Selling and administrative expenses: $120.000 12 Vanable per unit sold 13 Fixed par year 14 $70.000 15 16 Units in beginning inventory Year 1 Year 2 17 Units produced during the year 18 Units sold during the year 10,000 5,000 19 8,000 8.000 20 Enfor a formula into each of the cells marked with a ? below 21 Review Problem 1: Contrasting Variable and Absorption Costing 22 3 Compute the Ending Inventory 24 Year 1 Year 2 25 Units in beginning inventory 26 Units produced during the year 27 Units sold during the year 29 Units in ending inventory 29 30 Compute the Absorption Costing Unit Product Cost 31 Year 1 Year 2 32 Direct materials 33 Direct labor 34 Variable manufacturing overhead 35 Fixed manufacturing overhead 36 Absorption costing unit product cost 37 38 Construct the Absorption Costing Income Staternent Year 1 Year 2 39 40 Sales 41 Cost of goods sold 13 3 42 Gross margin 43 Selling and administrative expenses 44 Net operating income 45 46 Compute the Variable Costing Unit Product Cost Year 1 Year 2 47 48 Direct materials 49 Direct labor 50 Variable manufacturing overhead 51 Variable costing unit product cost 52 53 Construct the Variable Costing Income Statement Year 2 Year 1 54 55 Sales 56 Variable expenses: 57 Variable cost of goods sold 58 Variable selling and administrative expenses 59 Contribution margin 60 Fixed expenses: 7 61 Fixed manufacturing overhead 62 Fixed selling and administrative expenses 63 Net operating income 64 Filled in Chapte ... Chapter 7 Farm