In 2019, Troy Camejo Inc. sold 39,000 units at a selling price of $41 per unit. The company manufactured 62,000 units. Variable manufacturing costs were $16 per unit manufactured. Fixed manufacturing costs amounted to $344,000. Variable marketing costs were $10 per unit sold, and the budgeted and actual fixed marketing costs were $40,000. Other fixed operating expenses amounted to $30,000. 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