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TB MC Qu. 18-95 (Algo) Full costing operating income: Music Incorporated Music Incorporated planned and manufactured 253,500 units of its single product in 2022, its
TB MC Qu. 18-95 (Algo) Full costing operating income: Music Incorporated Music Incorporated planned and manufactured 253,500 units of its single product in 2022, its first year of operations. Variable manufacturing costs were $37 per unit of production. Planned and actual fixed manufacturing costs were $607,000. Marketing and administrative costs (all fixed) were $303,500 in 2022. Music Incorporated sold 203,500 units of product in 2022 at $67 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.) Multiple Choice $4,072,000 $4,276,000
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