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Requirement 2, answer for a thumbs up, please Osawa Inc. planned and actually manufactured 200,000 units of its single product in 2018 , its first
Requirement 2, answer for a thumbs up, please
Osawa Inc. planned and actually manufactured 200,000 units of its single product in 2018 , its first year of operation. Variable manufacturing cost was $19 per unit produced. Variable operating (non-manufacturing) cost was $10 per unit sold. Planned and actual fixed manufacturing costs were $400,000. Planned and actual fixed operating (non-manufacturing) costs totalled $390,000. Osawa sold 110,000 units of product at $39 per unit. Required 1. Osawa's 2018 operating income using absorption costing is (a) $490,000, (b) $310,000, (c) $700,000, (d) $880,000, or (e) none of these. Show supporting calculations. 2. Osawa's 2018 operating income using variable costing is (a) $710,000, (b) $490,000, (c) $310,000, (d) $700,000, or (e) none of these. Show supporting calculations. Requirement 2. Osawa's 2018 operating income using variable costing is (a) $710,000, (b) $490,000, (c) $310,000, (d) $700,000, or (e) none of these. Show supporting calculations. Begin by selecting the labels used in the variable costing calculation of operating income and enter in the supporting calculations. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell.) There is no space to put the TOTAL variable costs for the manufacturing PLUS non-manufacturing costs. Osawa's 2018 operating income using variable costing is A. $710,000. B. $490,000. C. $310,000. D. $700,000. E. none of theseStep by Step Solution
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