He Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: $ 38
Production
Selling and administrative $ 14
Fixed costs per year:
Production $ 140,000
Selling and administrative $ 84,000

Last year, 7,000 units were produced and 6,800 units were sold. There was no beginning inventory.

The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
the same as absorption costing.
$6,800 less than under absorption costing.
$6,800 greater than under absorption costing.
$4,000 less than under absorption costing.

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.