Larkspur Printing, Inc., prints and binds encyclopedia. The following information was found in the accounting...
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Larkspur Printing, Inc., prints and binds encyclopedia. The following information was found in the accounting records: $ 108 $ $ 49 $ 16 Sales price per unit Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit Fixed selling costs $ ON $ 25 $ 48.900 Variable selling costs $ 158,900 Beginning inventory 0 Units produced 119,000 Units sold 102,100 Units produced 119,000 Units sold 102,100 (a) Under absorption costing, what is Larkspur's operating income? Operating income $ (b) Under variable costing, what is Larkspur's ending Finished Goods Inventory balance? Ending Finished Goods Inventory balance
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