Need solving, answer is given [30][60%][352,000][90,000][18][60%][152,000][54,000] The following information is available for Shalom Company for its first year of operations:UNITSProduced15,00012,000SoldCOSTSDirect materialsDirect laborManufacturing overheadManufacturing overheadSales priceNet income (AC)Provide answers to the following items:Amounts must be in whole numbers. Example: 88,000 or (88,000)Unit costs be in whole numbers. Example: 88ABSORPTION COSTING6102180,00075188,000per unitper unitper unitper monthper unitFormat of percentages: 88%Format of units: 88,000 UNITS (in whole numbers, one space after the number of units)Words must be in capital letters.(1) What is the cost per unit?(2) What is the gross profit margin ratio?(3) What is the total Selling and Administrative Expense during the year?(4) What amount shall be reflected as cost of Shalom Company's ending inventory?VARIABLE COSTING(5) What is the cost per unit?(6) What is the contribution margin ratio?(7) What is the net income?(8) If this costing will be used, what would Shalom Company show as value of endinginventory?

Name: Need solving, answer is given [30][60%][352,000][90,000][18][60%][152,
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Description: Need solving, answer is given [30][60%][352,000][90,000][18][60%][152,000][54,000] The following information is available for Shalom Company for its first year of operations:UNITSProduced15,00012,000SoldCOSTSDirect materialsDirect laborManufacturing

Introduction Absorption costing considers fixed costs and also variable costs as product…

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Accounting

ABSORPTION COSTING (1) What is the cost per unit? (2) What is the gross profit margin ratio? (3) What is the total Selling and Administrative Expense during the year? (4) What amount shall be reflected as cost of Shalom Company's ending inventory? VARIABLE COSTING (5) What is the cost per unit? (6) What is the contribution margin ratio? (7) What is the net income? (8) If this costing will be used, what would Shalom Company show as value of ending inventory?