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Compute the operating income for the first year

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Reference no: EM132523922

Start Me Up Inc. manufactures a caffeinated energy drink that sells for $4 each. The results for its first year of operations appear in the table below:

Projections

Number of drinks produced 52,000

Number of drinks sold 50,000

Direct materials per drink$0.55

Direct labor per drink$0.25

Variable manufacturing overhead per drink$0.15

Total fixed manufacturing overhead$39,000

Total fixed selling and administrative costs$50,000

Required:

Question 1. Compute the operating income for the first year under full costing.

Question 2. Compute the operating income for the first year under variable costing.

Reference no: EM132523922

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