Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 12,000 units.

image text in transcribed
image text in transcribed
Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 12,000 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 10,500 10,000 12,000 11,000 Units sold Units produced Costs: Variable factory overhead per unit Fixed factory overhead Variable marketing per unit Fixed Selling and Administrative $ 0.15 $ 0.15 $ 2,400 $ 2,200 $ 0.30 $ 0.30 $ 320 $ 320 Full costing operating income for 2019 is calculated to be: (Do not round Intermediate calculations. Round your final answers to whole dollar amounts.) Multiple Choice $171 Multiple Choice $171 $2,150 $655. $1180 $1,350

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

Step: 3

blur-text-image

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

The Complete FinOps Handbook Essential Tools And Techniques For Financial Operations

Authors: Peter Bates

1st Edition

1922435546, 978-1922435545

More Books

Students also viewed these Finance questions

Question

3. Contrast relational contexts in organizations

Answered: 1 week ago

Question

2. Describe ways in which organizational culture is communicated

Answered: 1 week ago

Question

1. Describe and compare approaches to managing an organization

Answered: 1 week ago