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Q1) Gregson Enterprises, in its 1st year of operations, provided the information given below:

Selling price per unit
Direct material per unit
Direct labor per unit
Unit-related overhead per unit
Selling cost per unit
Batch-related overhead for the year
Facility-sustaining overhead for the year
Fixed administrative cost for the year
Units produced
Units sold

i) Compute Gregson absorption costing gross margin and profit?

ii) Compute Gregson variable contribution margin and profit?

iii) find out Gregson ending inventory using absorption costing?

iv) Determine Gregson ending inventory using variable costing?

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