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 +
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 5PB: Wellington, Inc., reports the following contribution margin income statement for the month of May....
Related questions
Question
None
![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
+](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc0e48963-8d79-420a-8441-cb49df5708c8%2F97af11eb-08b8-4431-bdbc-58999ef3e255%2F12e41th_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
+
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning