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Music Incorporated planned and manufactured 252,500 units of its single product in 2022, its first year of operations. Variable manufacturing costs were $35 per
Music Incorporated planned and manufactured 252,500 units of its single product in 2022, its first year of operations. Variable manufacturing costs were $35 per unit of production. Planned and actual fixed manufacturing costs were $605,000. Marketing and administrative costs (all fixed) were $302,500 in 2022. Music Incorporated sold 202,500 units of product in 2022 at $65 per unit. Full costing operating income for 2022 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) $4,052,000 $4,254,000 $5,167,500 $5,287,302 O $5,368,000. 13 QUESTION 2 Music Incorporated planned and manufactured 250,500 units of its single product in 2022, its first year of operations. Variable manufacturing costs were $31 per unit of production. Planned and actual fixed manufacturing costs were $601,000. Marketing and administrative costs (all fixed) were $300,500 in 2022. Music Incorporated sold 200,500 units of product in 2022 at $61 per unit. Variable costing operating income for 2022 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) $4,011,000. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Al
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