Engineering homework help
Engineering homework help. in the first year of operations, Kelley company produced 10000 units and sold 7000 units. its unit costs were as follows: direct materials 12$, direct labour 8$ , variable manufacturing overhead 2$ , variable selling and administrative expenses 1$. Its total fixed manufacturing overhead for the year was 50,000$.1- What is the amount of cost of goods sold under variable costinga- 220,000$b-161,000$c-154,000$d-230,000$2-what is the amount of cost of goods sold under absorption costing a-189,000$b-196,000$c-179,000$d-186,000$3-When comparing Kelley’s absorption costing net operating income to its variable costing net operation income, which of the following will be true .a- Its absorption costing net operating income will be 35,000$ lower than its variable costing net operating income.b- Its absorption costing net operating income will be 35,000$ higher than its variable costing net operating income.c- its absorption costing net operating income will be 15,000$ lower than its variable costing net operating income.d- its absorption costing net operating income will be 15,000$ higher than its variable costing net operating income.4- Ferguson products Inc, a manufacturer , reported 130$ million in sales and a loss of 25$ million in its absorption costing income statement provided to shareholders. According to a CVP analysis prepared for management , the company’s break-even point is 120$ million in sales.Assuming that the CVP analysis is correct , is it likely that the company’s inventory level increased , decreased, or remained unchanged during the year and explain