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Osawa​ ​Inc planned and actually manufactured 260000 units of its single product in 2017​, its first year of operation Variable manufacturing cost was $18 per unit produced. Variable operating​

Osawa​, ​Inc., planned and actually manufactured 260000 units of its single product in 2017​, its first year of operation. Variable manufacturing cost was $18 per unit produced. Variable operating​(nonmanufacturing) cost was $9 per unit sold. Planned and actual fixed manufacturing costs were $780,000. Planned and actual fixed operating​ (nonmanufacturing) costs totaled $350,000. Osawa sold 190,000 units of product at $46 per unit.

  1. Osawa's 2017 operating income using absorption costing is​ (a) $2,690,000​, ​(b) $2,480,000​, ​(c) $2,830,000​, (d) $3,040,000 or​(e) none of these. Show supporting calculations.
  2. Osawa's 2017 operating income using variable costing is​ (a) $3,260,000 ​(b) $2,690,000​, ​(c) $2,480,000​, (d) $2,830,000 or​(e) none of these. Show supporting calculations.

Begin by selecting the labels used in the absorption costing calculation of operating income and enter the supporting amounts. Perform the calculations in this​ step, but select the correct operating income in the next step. ​(For amounts with a​ $0 balance, make sure to enter​ "0" in the appropriate​ cell.)

Feb 11 2020 View more View Less

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