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, Inc., planned and actually manufactured units of its single product in , its first year of operation. Variable manufacturing cost was per unit produced.
, Inc., planned and actually manufactured units of its single product in , its first year of operation. Variable manufacturing cost was per unit produced. Variable operating (nonmanufacturing) cost was per unit sold. Planned and actual fixed manufacturing costs were . Planned and actual fixed operating (nonmanufacturing) costs totaled . sold units of product at per unit.
Account names are correct, numbers are incorrect. please fix
Tulsa, Inc., planned and actually manufactured 210,000 units of its single product in 2020, its first year of operation. Variable manufacturing cost was $13 per unit produced. Variable operating (nonmanufacturing) cost was $8 per unit sold. Planned and actual fixed manufacturing costs were $1,050,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $350,000. Tulsa sold 150,000 units of product at $45 per unit. Read the requirements. HD Requirement 1. Tulsa's 2020 operating income using absorption costing is (a) $2,500,000, (b) $2,200,000, (c) $2,550,000, (d) $2,850,000, or (e) none of these. Show supporting calculations. Begin by selecting the labels used in the absorption costing calculation of operating income and enter the supporting amounts. Perform the calculations in this step, but select the correct operating income in the next step. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell.) 6750000 Absorption costing Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale 0 2730000 1050000 3780000 Deduct ending inventory 780000 3000000 V Cost of goods sold Gross margin Variable operating costs 3750000 1200000 350000 Fixed operating costs Operating incomeStep by Step Solution
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