Multiple ChoiceOOOO$1,190.$2,490.$2,255.$2,990.$3,080. TB MC Qu. 18-47 (Algo) Full costing operating income for the next year: Smooth IncorporatedSmooth Incorporated manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2021and 2022 was 5,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022operations:Units soldUnits producedCosts:Variable factory overhead per unitFixed factory overheadVariable marketing per unitFixed Selling and Administrative20213,5005,000$ 0.65$2,250$ 0.75$ 65020225,2005,000$ 0.65$2,250$ 0.80$ 650Full costing operating income for 2022 is calculated to be: (Do not round intermediate calculations. Round your finalanswers to whole dollar amounts.)

Full costing method is a method of costing in which product cost is calculated by adding direct…

Answered: mit strative $ 0.75 $ 650 $0.80 $ 650…

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mit strative $ 0.75 $ 650 $0.80 $ 650 22 is calculated to be: (Do not round intermediate calculations. Round your final

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

Multiple Choice
O
O
O
O
$1,190.
$2,490.
$2,255.
$2,990.
$3,080.

TB MC Qu. 18-47 (Algo) Full costing operating income for the next year: Smooth Incorporated
Smooth Incorporated manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2021
and 2022 was 5,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022
operations:
Units sold
Units produced
Costs:
Variable factory overhead per unit
Fixed factory overhead
Variable marketing per unit
Fixed Selling and Administrative
2021
3,500
5,000
$ 0.65
$2,250
$ 0.75
$ 650
2022
5,200
5,000
$ 0.65
$2,250
$ 0.80
$ 650
Full costing operating income for 2022 is calculated to be: (Do not round intermediate calculations. Round your final
answers to whole dollar amounts.)

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Step 1: Introduce to full costing method

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Step 2: Working for cost of goods sold for 2022

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Step 3: Working for sales revenue and variable marketing expense

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Step 4: Working for net operating income under full costing method

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