Smooth Incorporated manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2021 and 2022 was 3,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations: 2021 2,500 2022 3,200 3,000 3,000 $ 0.65 $0.65 $ 1,290 $ 0.80 $ 650 $ 1,290 $0.80 $650 Units sold Units produced Costs: Variable factory overhead per unit Fixed factory overhead Variable marketing per unit Fixed Selling and Administrative Full (Absorption) costing operating income for 2022 is calculated to be: A. $850. B. $1,150. C. $1,295. D. $1,654. E. $1,740.

Smooth Incorporated manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2021 and 2022 was 3,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations: 2021 2,500 2022 3,200 3,000 3,000 $ 0.65 $0.65 $ 1,290 $ 0.80 $ 650 $ 1,290 $0.80 $650 Units sold Units produced Costs: Variable factory overhead per unit Fixed factory overhead Variable marketing per unit Fixed Selling and Administrative Full (Absorption) costing operating income for 2022 is calculated to be: A. $850. B. $1,150. C. $1,295. D. $1,654. E. $1,740.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 5E: Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31,...

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