Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 2010, Troy Camejo Inc. sold 47,000 units at a selling price of $31 per unit. The company manufactured 75,000 units. Variable manufacturing costs were
In 2010, Troy Camejo Inc. sold 47,000 units at a selling price of $31 per unit. The company manufactured 75,000 units. Variable manufacturing costs were $19 per unit manufactured. Fixed manufacturing costs amounted to $325,000. Variable marketing costs were $15 per unit sold, and the budgeted and actual fixed marketing costs were $33,000. Other fixed operating expenses amounted to $20,000. There was no beginning inventory Do not enter dollar signs or commas in the input boxes Round all answers to the nearest whole number a) Calculate the company's 2010 operating income using absorption costing. $1457000 Revenues Cost of Goods Sold: Beginning Inventory Cost of Goods Manufactured $ Less: Ending Inventory $0 Gross Margin Operating Expenses Marketing Costs Other Fixed Operating Expenses Operating Income $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started