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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

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter21: Variable Costing For Management analysis
Section: Chapter Questions
Problem 4CMA: Bethany Company has just completed the first month of producing a new product but has not yet...
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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
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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