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
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?