272/View 2. The following information is available for Zebco's new product line: $23 Selling price...
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272/View 2. The following information is available for Zebco's new product line: $23 Selling price per unit Variable manufacturing costs Per unit of production $11 Total annual fixed manufacturing costs Variable administrative costs $38,000/14,000 units-$2.71/unit Per unit of production S6 Total annual fixed selling & administrative expensesS17,000 There was no inventory at the beginning of the year. During the year, 14,000 units were produced and 12,600 units were sold. Determine the value of ending inventory under variable costing. (hint: Var. mfg costs only) a. Determine the value of ending inventory under absorption costing. (hint: var. and fixed mfg costs for the ending inv.) b. Determine the total variable costs to be expensed for the year, assuming that Zebco uses variable costing. c. Determine the total fixed costs to be expensed for the year, assuming that Zebco uses absorption costing. d. t2 14 View as Tex
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