What is the operating income using variable costing on these general accounting question? Marx Ltd. planned and actually manufactured 250,000 units of itssingle product in 2022, its first year of operations. Variablemanufacturing costs were $25 per unit of product. Planned andactual fixed manufacturing costs were $700,000, and marketingand administrative costs totalled $500,000 in 2022. Marx sold150,000 units of product in 2022 at a selling price of $50 per unit.What is Marx's 2022 operating income using variable costing?a. $1,350,000b. $2,550,000c. $875,000d. $750,000

Step 1: Define Variable Costing Operating IncomeVariable Costing Operating Income is the profit…

Answered: Marx Ltd. planned and actually…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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