Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tokless Inc. planned and manufactured 460,000 units of its single product in 2019, its first year of operations. Variable manufacturing costs were $62 per unit

Tokless Inc. planned and manufactured 460,000 units of its single product in 2019, its first year of operations. Variable manufacturing costs were $62 per unit of production. Planned and fixed manufacturing costs were $860,000. Marketing and administrative costs (all fixed) were $660,000 in 2019. Tokless Inc. sold 207,000 units of product in 2019 at $77 per unit.

Sales for 2019 are calculated to be:

Multiple Choice

  • $12,834,000.

  • $15,939,000.

  • $14,320,000.

  • $15,220,000.

  • $28,520,000.

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

Knowledge Audit Complete Self Assessment Guide Practical Tools For Self Assesment

Authors: Gerardus Blokdyk

1st Edition

0655199837, 978-0655199830

More Books

Students also viewed these Accounting questions

Question

5. Identify the logical fallacies, deceptive forms of reasoning

Answered: 1 week ago

Question

6. Choose an appropriate organizational strategy for your speech

Answered: 1 week ago