The Jarvis company sells its razors at $6 per unit.The company incurs fixed manufacturing overhead cost of $650,000 each year to support production of 1,300,000 so that the fixed manufacturing overhead cost per unit equals 0.50. The following data are related to its first 2 years of operation, all numbers are in thousands:

2012 2013

sales 1,100 units 1,200 units

production 1,300 units 1,100 units

cost

variable manufacturing $650 $550

fixed manufacturing 650 650

variable operating(marketing) 1,100 1,200

fixed operating marketing 700 700

find each of the following:

beginnig of inventory

variable cost of good manufatured

cost of goods available for sale

Deduct: Ending inventory

Variable cost of goods sold

Variable operating costs

Total variable costs

Contribution margin

Fixed costs

Fixed manufacturing costs

Fixed operating costs

Total fixed costs

operating income / (loss)