Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2021 and 2022 was 11,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations: 2021 2022 Units sold 9,500 7,000 Units produced 11,000 8,000 Costs: Variable factory overhead per unit $ 0.15 $ 0.15 Fixed factory overhead $ 2,200 $ 1,600 Variable marketing per unit $ 0.30 $ 0.30 Fixed Selling and Administrative $ 320 $ 320 Full costing operating income for 2021 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) Multiple Choice $251. $1,105. $2,150. $1,630. $1,480.
Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2021 and 2022 was 11,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations: 2021 2022 Units sold 9,500 7,000 Units produced 11,000 8,000 Costs: Variable factory overhead per unit $ 0.15 $ 0.15 Fixed factory overhead $ 2,200 $ 1,600 Variable marketing per unit $ 0.30 $ 0.30 Fixed Selling and Administrative $ 320 $ 320 Full costing operating income for 2021 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) Multiple Choice $251. $1,105. $2,150. $1,630. $1,480.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Q48
Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2021 and 2022 was 11,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations:
| 2021 | 2022 | |
|---|---|---|
| Units sold | 9,500 | 7,000 |
| Units produced | 11,000 | 8,000 |
| Costs: | ||
| Variable factory |
$ 0.15 | $ 0.15 |
| Fixed factory overhead | $ 2,200 | $ 1,600 |
| Variable marketing per unit | $ 0.30 | $ 0.30 |
| Fixed Selling and Administrative | $ 320 | $ 320 |
Full costing operating income for 2021 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)
Multiple Choice
-
$251.
-
$1,105.
-
$2,150.
-
$1,630.
-
$1,480.
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