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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Multiple Choice
O
O
O
O
$1,190.
$2,490.
$2,255.
$2,990.
$3,080.
Transcribed Image Text: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.)
Transcribed Image Text: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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