In 2019, Barry Grey Inc. sold 34,000 units at a selling...

70.2K

Verified Solution

Question

Accounting

image

image In 2019, Barry Grey Inc. sold 34,000 units at a selling price of $46 per unit. The company manufactured 80,000 units. Variable manufacturing costs were $18 per unit manufactured. Fixed manufacturing costs amounted to $267,000. Variable marketing costs were $13 per unit sold, and the budgeted and actual fixed marketing costs were $33,000. Other fixed operating expenses amounted to $24,000. There was no beginning inventory. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. b) Calculate the company's 2019 operating income using variable costing. \begin{tabular}{|l|l|l|} \hline Revenues & & $1564000 \\ \hline Variable Cost of Goods Sold & & \\ \hline Beginning Inventory & $0 & \\ \hline Cost of Goods Manufactured & $ & \\ \hline Less: Ending Inventory & $ & \\ \hline Variable Cost of Goods Sold & & \\ \hline Variable Marketing Costs & & $ \\ \hline Contributed Margin & & $ \\ \hline Operating Expenses: & & $ \\ \hline Fixed Manufacturing Overhead Costs & $ & \\ \hline Fixed Marketing Costs & $ & \\ \hline Other Fixed Operating Expenses & & \\ \hline Income from Operations & & \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students