Table Inc. planned and manufactured 250,000 units of its single product in 2010, its first year of operations. Variable manufacturing costs were $30 per unit of production. Planned and actual fixed manufacturing costs were $500,000. Marketing and administrative costs (all fixed) were $300,000 in 2010. Table Inc. sold 200,000 units of product in 2010 at $50 per unit. Variable costing operating income for 2010 is calculated to be: a. $1,000,000 b. $3,200,000 c. $3,300,000 d. $4,200,000
Table Inc. planned and manufactured 250,000 units of its single product in 2010, its first year of operations. Variable manufacturing costs were $30 per unit of production. Planned and actual fixed manufacturing costs were $500,000. Marketing and administrative costs (all fixed) were $300,000 in 2010. Table Inc. sold 200,000 units of product in 2010 at $50 per unit. Variable costing operating income for 2010 is calculated to be: a. $1,000,000 b. $3,200,000 c. $3,300,000 d. $4,200,000
Related questions
Question
none
Transcribed Image Text:Table Inc. planned and manufactured 250,000 units of its single product
in 2010, its first year of operations. Variable manufacturing costs were $30
per unit of production. Planned and actual fixed manufacturing costs were
$500,000. Marketing and administrative costs (all fixed) were $300,000 in
2010. Table Inc. sold 200,000 units of product in 2010 at $50 per unit.
Variable costing operating income for 2010 is calculated to be:
a. $1,000,000
b. $3,200,000
c. $3,300,000
d. $4,200,000
Expert Solution
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
