Question 7 of 8 - / 5 III View Policies Current Attempt in Progress Carla Vista Company produced 9,600 units during the past year, but only 8,100 of the units were sold. The following additional...

Question 7 of 8 - / 5 III View Policies Current Attempt in Progress Carla Vista Company produced 9,600 units during the past year, but only 8,100 of the units were sold. The following additional information is also available. Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $91,500 $31,000 $21,500 $48,000 $70,000 $11,000 There was no work in process inventory at the beginning and end of the year, nor did Carla Vista have any beginning finished goods inventory. (a) What would be Carla Vista Company's finished goods inventory cost on December 31 under variable costing? (Round intermediate calculations to 2 decimal places eg. 10.25 and final answer to decimal places, eg. 2,510.) Finished goods inventory cost $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 (b) Which costing method, absorption or variable costing, would show a higher net income for the year? By what amount? (Round intermediate calculations to 2 decimal places eg. 10.25 and final answer to decimal places, eg. 2,510.) method would show a higher net income by $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2