1.A company produces a single product. Variable production costs are $13.1 per unit and variable selling and administrative expenses are $4.1 per unit. Fixed manufacturing overhead totals $47,000 and fixed selling and administration expenses total $51,000. Assuming a beginning inventory of zero, production of 5,100 units and sales of 4,150 units, the dollar value of the ending inventory under variable costing would be: 1b. Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $112 Units in beginning inventory 0 Units produced 8,950 Units sold 8,550 Units in ending inventory 400 Variable costs per unit: Direct materials $18 Direct labor $60 Variable manufacturing overhead $6 Variable selling and administrative $10 Fixed costs: Fixed manufacturing overhead $134,250 Fixed selling and administrative $8,800 What is the net operating income for the month under absorption costing? 2. Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $104 Units in beginning inventory 0 Units produced 8,850 Units sold 8,450 Units in ending inventory 400 Variable costs per unit: Direct materials $16 Direct labor $58 Variable manufacturing overhead $4 Variable selling and administrative $8 Fixed costs: Fixed manufacturing overhead $132,750 Fixed selling and administrative $8,600 What is the net operating income for the month under variable costing? 3. Hatfield Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $195 Units in beginning inventory 0 Units produced 1,950 Units sold 830 Units in ending inventory 1,120 Variable costs per unit: Direct materials $100 Direct labor $35 Variable manufacturing overhead $4 Variable selling and administrative $15 Fixed costs: Fixed manufacturing overhead $25,350 Fixed selling and administrative $11,620 What is the total period cost for the month under the variable costing? 4.. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $147 Units in beginning inventory 0 Units produced 2,860 Units sold 2,510 Units in ending inventory 350 Variable costs per unit: Direct materials $49 Direct labor $23 Variable manufacturing overhead $11 Variable selling and administrative $16 Fixed costs: Fixed manufacturing overhead $94,380 Fixed selling and administrative expenses $17,570 The total gross margin for the month under absorption costing is: