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Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2021 and 2022 was 11,000 units. There
Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2021 and 2022 was 11,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations:
2021 | 2022 | |
---|---|---|
Units sold | 9,500 | 7,000 |
Units produced | 11,000 | 8,000 |
Costs: | ||
Variable factory overhead per unit | $ 0.15 | $ 0.15 |
Fixed factory overhead | $ 2,200 | $ 1,600 |
Variable marketing per unit | $ 0.30 | $ 0.30 |
Fixed Selling and Administrative | $ 320 | $ 320 |
Full costing operating income for 2021 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)
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