The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per...

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The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production (DM + DL +V MOH) Selling and administrative Fixed costs per year: Production (F MOH) Selling and administrative Last year: • 7,140 units were produced • 6,940 units were sold. . There was no beginning inventory. $42 $ 16 $ 114,240 $ 98,250 Last year: . 7,140 units were produced • 6,940 units were sold. ● . There was no beginning inventory. The dollar value of the ending inventory of finished goods under variable costing would be: the same as absorption costing. $6,940 greater than under absorption costing. $6,940 less than under absorption costing. $3,200 less than under absorption costing. The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production (DM + DL +V MOH) Selling and administrative Fixed costs per year: Production (F MOH) Selling and administrative Last year: • 7,140 units were produced • 6,940 units were sold. . There was no beginning inventory. $42 $ 16 $ 114,240 $ 98,250 Last year: . 7,140 units were produced • 6,940 units were sold. ● . There was no beginning inventory. The dollar value of the ending inventory of finished goods under variable costing would be: the same as absorption costing. $6,940 greater than under absorption costing. $6,940 less than under absorption costing. $3,200 less than under absorption costing.

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Variable costs per unit of production 42 Variable costs per unit of selling 16 Tota... View the full answer