Tokless Inc

question 124

Multiple Choice

Tokless Inc. planned and manufactured 400,000 units of its single product in 2019, its first year of operations. Variable manufacturing costs were $50 per unit of production. Planned and fixed manufacturing costs were $800,000. Marketing and administrative costs (all fixed) were $600,000 in 2019. Tokless Inc. sold 195,000 units of product in 2019 at $65 per unit.

Full costing operating income for 2019 is calculated to be:

• A) $1,525,000.
• B) $1,850,000.
• C) $1,935,000.
• D) $2,260,000.
• E) $2,750,000.

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Definitions:

World Bank

An international financial institution that provides loans and grants to countries for development projects aimed at reducing poverty.

Basic Development Projects

Initiatives aimed at foundational improvements in an economy or society, such as infrastructure, education, and health services.

Developing Nations

Countries with a lower level of material well-being, lower income per capita, and generally striving to achieve higher levels of economic and social development.

Economists

Professionals who study and analyze the production, distribution, and consumption of goods and services.