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In 2019, Troy Camejo Inc. sold 31,000 units at a selling price of $35 per unit. The company manufactured 67,000 units. Variable manufacturing costs were

In 2019, Troy Camejo Inc. sold 31,000 units at a selling price of $35 per unit. The company manufactured 67,000 units. Variable manufacturing costs were $20 per unit manufactured. Fixed manufacturing costs amounted to $349,000. Variable marketing costs were $13 per unit sold, and the budgeted and actual fixed marketing costs were $50,000. Other fixed operating expenses amounted to $29,000. 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 2019 operating income using absorption costing.

Revenues $Answer
Cost of Goods Sold:
Beginning Inventory $Answer
Cost of Goods Manufactured $Answer
Less: Ending Inventory $Answer
Cost of Goods Sold $Answer
Gross Margin $Answer
Operating Expenses:
Marketing Costs $Answer
Other Fixed Operating Expenses $Answer $Answer
Income from Operations $Answer

b) Calculate the company's 2019 operating income using variable costing.

Revenues $Answer
Variable Cost of Goods Sold
Beginning Inventory $Answer
Cost of Goods Manufactured $Answer
Less: Ending Inventory $Answer
Variable Cost of Goods Sold $Answer
Variable Marketing Costs $Answer
Contributed Margin $Answer
Operating Expenses:
Fixed Manufacturing Overhead Costs $Answer
Fixed Marketing Costs $Answer
Other Fixed Operating Expenses $Answer $Answer
Income from Operations $Answer

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