tlanta, Inc., planned and actually manufactured 170,000 units of its single product in 2017, its first year of operation. Variable manufacturing cost was $17 per unit produced. Variable operating (nonmanufacturing) cost was $15 per unit sold. Planned and actual fixed manufacturing costs 510,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $400,000. Atlanta sold 100,000 units of product at $46 per unit. tead the requirements OD. $1,100,000. DE none of these. tequirement 2. Atlanta's 2017 operating income using variable costing is (a) $1,000,000, (b) $700,000, (c) $490,000, (d) $890,000, or (e) none of these. Show supporting calculations. income in the next step. (For amounts with a $0 balance, make sure to enter "0" in the legin by selecting the labels used in the variable costing calculation of operating income and enter ppropriate cell.) Requirements Variable costing Revenues 4600000 1. Atlanta's 2017 operating income using absorption costing is (a) $700,000, (b) $490,000, (c) $890,000, (d) $1,100,000, or (e) none of these. Show supporting calculations. Variable cost of goods sold Beginning inventory 2,890 000 2. Atlanta's 2017 operating income using variable costing is (a) $1,000,000, (b) S700,000, (c) $490,000, (d) S890,000, or (e) none of these. Show supporting calculations. Variable manufacturing costs Cost of goods available for sale Deduct ending inventory 2,890,000 Variable cost of goods sold Print Done 1500000 Wariable operating costs Contribution margin Foxed manufacturing costs 510000? Foxed operating costs 400000 Operating income
tlanta, Inc., planned and actually manufactured 170,000 units of its single product in 2017, its first year of operation. Variable manufacturing cost was $17 per unit produced. Variable operating (nonmanufacturing) cost was $15 per unit sold. Planned and actual fixed manufacturing costs 510,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $400,000. Atlanta sold 100,000 units of product at $46 per unit. tead the requirements OD. $1,100,000. DE none of these. tequirement 2. Atlanta's 2017 operating income using variable costing is (a) $1,000,000, (b) $700,000, (c) $490,000, (d) $890,000, or (e) none of these. Show supporting calculations. income in the next step. (For amounts with a $0 balance, make sure to enter "0" in the legin by selecting the labels used in the variable costing calculation of operating income and enter ppropriate cell.) Requirements Variable costing Revenues 4600000 1. Atlanta's 2017 operating income using absorption costing is (a) $700,000, (b) $490,000, (c) $890,000, (d) $1,100,000, or (e) none of these. Show supporting calculations. Variable cost of goods sold Beginning inventory 2,890 000 2. Atlanta's 2017 operating income using variable costing is (a) $1,000,000, (b) S700,000, (c) $490,000, (d) S890,000, or (e) none of these. Show supporting calculations. Variable manufacturing costs Cost of goods available for sale Deduct ending inventory 2,890,000 Variable cost of goods sold Print Done 1500000 Wariable operating costs Contribution margin Foxed manufacturing costs 510000? Foxed operating costs 400000 Operating income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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please see image.
Transcribed Image Text:Atlanta, Inc., planned and actually manufactured 170,000 units of its single product in 2017, its first year of operation. Variable manufacturing cost was $17 per unit produced. Variable operating (nonmanufacturing) cost was $15 per unit sold. Planned and actual fixed manufacturing costs were
$510,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $400,000. Atlanta sold 100,000 units of product at $46 per unit.
Read the requirements.
O D. $1,100,000.
O E. none of these.
Requirement 2. Atlanta's 2017 operating income using variable costing is (a) $1,000,000, (b) $700,000, (c) $490,000, (d) $890,000, or (e) none of these. Show supporting calculations.
income in the next step. (For amounts with a $0 balance, make sure to enter "0" in the
Begin by selecting the labels used in the variable costing calculation of operating income and enter
appropriate cell.)
Requirements
Variable costing
Revenues
4600000
1. Atlanta's 2017 operating income using absorption costing is (a) $700,000, (b)
$490,000, (c) $890,000, (d) $1,100,000, or (e) none of these. Show supporting
calculations
Variable cost of goods sold:
Beginning inventory
2,890,000
2. Atlanta's 2017 operating income using variable costing is (a) $1,000,000, (b)
$700,000, (c) $490,000, (d) $890,000, or (e) none of these. Show supporting
calculations.
Variable manufacturing costs
Cost of goods available for sale
2,890,000
Deduct ending inventory
Variable cost of goods sold
Print
Done
Variable operating costs
1500000
Contribution margin
Fixed manufacturing costs
510000?
Fixed operating costs
400000
Operating income
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