Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 7,500 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: Units sold Units produced Costs: Variable factory overhead per unit Fixed factory overhead Variable marketing per unit Fixed Selling and Administrative Multiple Choice Full costing operating income for 2018 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) $2,150. O $132. O $580. $1,110. 2018 2019 6,000 3,500 7,500 4,500 $960. $ 0.15 0.15 $1,500 $ 900 $ 0.30 $0.30 $ 320 $ 320
Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 7,500 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: Units sold Units produced Costs: Variable factory overhead per unit Fixed factory overhead Variable marketing per unit Fixed Selling and Administrative Multiple Choice Full costing operating income for 2018 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) $2,150. O $132. O $580. $1,110. 2018 2019 6,000 3,500 7,500 4,500 $960. $ 0.15 0.15 $1,500 $ 900 $ 0.30 $0.30 $ 320 $ 320
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Alpesh
Transcribed Image Text:Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both
2018 and 2019 was 7,500 units. There was no beginning inventory in 2018. The following data summarized the 2018
and 2019 operations:
Units sold
Units produced
Costs:
Variable factory overhead per unit
Fixed factory overhead
Variable marketing per unit
Fixed Selling and Administrative
Multiple Choice
Full costing operating income for 2018 is calculated to be: (Do not round intermediate calculations. Round your final
answers to whole dollar amounts.)
O $2,150.
O $132.
O
$580.
$1,110.
2018
2019
6,000 3,500
7,500 4,500
$960.
$ 0.15 0.15
$1,500 $ 900
$ 0.30 $0.30
$ 320 $ 320
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education