Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Take me to the teat In 2019, Bryan Sherry inc sold 53,000 units at a selling price of $48 per unit. The company manufactured 72000

image text in transcribed
image text in transcribed
image text in transcribed
Take me to the teat In 2019, Bryan Sherry inc sold 53,000 units at a selling price of $48 per unit. The company manufactured 72000 units. Varlable manufacturing costs were $13 per unit manulactured. Fixed manufacturing costs amounted to $292,000. Variable marketing costs were 514 per unit sold, and the budgeted and actual fixed marketing costs were $26,000. Other fixed operating expenses amounted to $22,000, there was no beginning inventory. Do not enter dollar signis or commas in the input boxes. Round allanswers to the nearest whole number. a) Calculate the company's 2019 operating income using absorption costing. b) Cilculate the compary's zo19 operating income using vatiable costing purveniues: Varable Cost of Goods Sold Beginning Inventory. Cost of Goods Manufactured Less frding Irveritory Variable Cost of Gecdes Sold Variable Marketing costs Contributed Margin. 5 Operating Expenses: Fixied Manufacturing Overhead Costs 5 Fined Marketing Costs Other Fixed Operating Expenses: Income from Ogerations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Fundamentals Essential Concepts And Examples

Authors: Steven M. Bragg

6th Edition

1642210234, 9781642210231

More Books

Students also viewed these Accounting questions

Question

How were the HR functions affected by Hurricane Rita?

Answered: 1 week ago

Question

What information might lead you to choose working for the company?

Answered: 1 week ago

Question

Which environment factor(s) did Hurricane Rita affect? Discuss.

Answered: 1 week ago