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Krepps Corporation produces a single product. Last year, Krepps manufactured 27970 units and sold 22 200 units Production costs for the year were as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 234,948 131,459 240,542 335, 640 Sales totaled $1,043,400 for the year, variable selling and administrative expenses totaled $113,220, and fixed selling and administrative expenses totaled $198,587. There was no beginning inventory. Assume that direct labor is a variable cost The contribution margin per unit was Multiple Choice $25 30 per unit 51570 per un $21.30 per unit $2020 per unit Krepps Corporation produces a single product Last year, Krepps manufactured 30,420 units and sold 24.900 units. Procluction costs for the year were as follows Direct materials $234,234 Direct labor $142,974 Variable manufacturing overhead $258,570 Fixed manufacturing overhead $395,460 Sales totaled S1.207.650 for the year, variable selling and administrative expenses totaled S136,950 and fixed selling and administrative expenses totaled 5185,562. There was no beginning inventory. Assume that direct laboris a variable cost Under absorption costing, the ending inventory for the year would be valued at Multiple Choice $187128 $248.628 Multiple Choice $12121 $248 62 $214,628 $257120 Krepps Corporation produces a single product Last year, Krepps manufactured 28,000 units and sold 22.500 units Production costs for the year were as follows: -15 Direct materials $229,600 Direct labor $134,400 Variable manufacturing overhead $215,600 Fixed manufacturing overhead $336,000 Sales totaled $1046,250 for the year, variable selling and administrative expenses totaled 5187000, and fixed selling and administrative expenses totaled $201600. There was no beginning inventory. Assume that direct laboris a variable cost Under variable costing, the company's net operating income for the year would be Multiple Choice $33,000 lower than under absorption costing O $33.000 higher than under absorption costing $66.000 lower than under absorption costing $66,000 higher than under absorption costing

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