Not checked Mark 15.00 out of 20.00 Flag question In 2019, Bryan Sherry Inc. sold 53,000 units at a selling price of $48 per unit. The company manufactured 72,000 units. Variable manufacturing costs were $13 per unit manufactured. Fixed manufacturing costs amounted to $292,000. Variable marketing costs were $14 per unit sold, and the budgeted and actual fixed marketing costs were $26,000. Other fixed operating expenses amounted to $22,000. There was no beginning inventory. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. a) Calculate the company's 2019 operating income using absorption costing. Revenues Cost of Goods Sold: $2544000 Beginning Inventory $ 0 Cost of Goods Manufactured Less: Ending Inventory Cost of Goods Sold Gross Margin Operating Expenses: Marketing Costs 768000 790000 Other Fixed Operating Expenses $22000 Income from Operations +
Not checked Mark 15.00 out of 20.00 Flag question In 2019, Bryan Sherry Inc. sold 53,000 units at a selling price of $48 per unit. The company manufactured 72,000 units. Variable manufacturing costs were $13 per unit manufactured. Fixed manufacturing costs amounted to $292,000. Variable marketing costs were $14 per unit sold, and the budgeted and actual fixed marketing costs were $26,000. Other fixed operating expenses amounted to $22,000. There was no beginning inventory. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. a) Calculate the company's 2019 operating income using absorption costing. Revenues Cost of Goods Sold: $2544000 Beginning Inventory $ 0 Cost of Goods Manufactured Less: Ending Inventory Cost of Goods Sold Gross Margin Operating Expenses: Marketing Costs 768000 790000 Other Fixed Operating Expenses $22000 Income from Operations +
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In 2019, Bryan Sherry Inc. sold 53,000 units at a selling price of $48 per unit. The company manufactured 72,000 units. Variable manufacturing
costs were $13 per unit manufactured. Fixed manufacturing costs amounted to $292,000. Variable marketing costs were $14 per unit sold, and the
budgeted and actual fixed marketing costs were $26,000. Other fixed operating expenses amounted to $22,000. There was no beginning
inventory.
Do not enter dollar signs or commas in the input boxes.
Round all answers to the nearest whole number.
a) Calculate the company's 2019 operating income using absorption costing.
Revenues
Cost of Goods Sold:
$2544000
Beginning Inventory
$ 0
Cost of Goods Manufactured
Less: Ending Inventory
Cost of Goods Sold
Gross Margin
Operating Expenses:
Marketing Costs
768000
790000
Other Fixed Operating Expenses $22000
Income from Operations
+
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