In 2019, Bryan Sherry Inc. sold 53,000 units at a selling price of $48 per unit....
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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: Beginning Inventory Cost of Goods Manufactured $ Less: Ending Inventory $ Cost of Goods Sold $ Gross Margin Operating Expenses: Marketing Costs $ Other Fixed Operating Expenses $ Income from Operations b) Calculate the company's 2019 operating income using variable costing. Revenues Variable Cost of Goods Sold Beginning Inventory Cost of Goods Manufactured $ Less: Ending Inventory Variable Cost of Goods Sold $ Variable Marketing Costs Contributed Margin Operating Expenses: Fixed Manufacturing Overhead Costs $ $ Fixed Marketing Costs $ Other Fixed Operating Expenses Income from Operations $ $ $ $ $ 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: Beginning Inventory Cost of Goods Manufactured $ Less: Ending Inventory $ Cost of Goods Sold $ Gross Margin Operating Expenses: Marketing Costs $ Other Fixed Operating Expenses $ Income from Operations b) Calculate the company's 2019 operating income using variable costing. Revenues Variable Cost of Goods Sold Beginning Inventory Cost of Goods Manufactured $ Less: Ending Inventory Variable Cost of Goods Sold $ Variable Marketing Costs Contributed Margin Operating Expenses: Fixed Manufacturing Overhead Costs $ $ Fixed Marketing Costs $ Other Fixed Operating Expenses Income from Operations $ $ $ $ $
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a Operating Income using Absorption costing Revenues 53000 units x 48 2544000 Less Cost of goods s... View the full answer
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
Posted Date:
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