Question
1.) Tokless Inc. planned and manufactured 475,000 units of its single product in 2019, its first year of operations. Variable manufacturing costs were $65 per
1.)
Tokless Inc. planned and manufactured 475,000 units of its single product in 2019, its first year of operations. Variable manufacturing costs were $65 per unit of production. Planned and fixed manufacturing costs were $875,000. Marketing and administrative costs (all fixed) were $675,000 in 2019. Tokless Inc. sold 210,000 units of product in 2019 at $80 per unit.
Variable costing operating income for 2019 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)
Multiple Choice
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$1,600,000.
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$1,925,000.
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$2,088,600.
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$2,335,000.
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$2,825,000.
2).
Treble Inc. planned and manufactured 255,500 units of its single product in 2019, its first year of operations. Variable manufacturing costs were $41 per unit of production. Planned and actual fixed manufacturing costs were $611,000. Marketing and administrative costs (all fixed) were $305,500 in 2019. Treble Inc. sold 205,500 units of product in 2019 at $71 per unit. Full costing operating income for 2019 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)
Multiple Choice
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$4,113,000.
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$4,319,000.
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$5,248,500.
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$5,368,069.
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$5,450,000.
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