Brantley Inc Required:
Determine Income Under Both Full Costing and Variable Costing

question 111

Essay

Brantley Inc. manufactures calculators that sell at wholesale for $60.00 per unit. Budgeted production in both 2018 and 2019 was 2,000 units and budgeted fixed overhead was $25,000 in each year. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: $\begin{array}{lcc} & 2018 & 2019 \\\text { Units sold } & 1,900 & 2,100 \\\text { Units produced } & 2,000 & 2,000\\\text { Costs: }\\\text { Variable factory overhead per unit } & \$ 20.20 & \$ 20.20 \\\text { Fixed factory overhead } & \$ 25,000& \$ 25,000 \\\text { Variable marketing per unit } & \$ 2.00& \$2.00 \\\text { Fixed Selling and Administrative } & \$ 10,000& \$ 10,000\end{array}$ Required:
Determine income under both full costing and variable costing and explain the difference.

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Definitions:

Reward Power

The ability of an individual to influence others' behavior by controlling access to desired resources or outcomes.

360-Degree Feedback

A performance appraisal method in which an employee receives confidential, anonymous feedback from the people who work around them.

Changing Attitudes

The process of influencing or altering people's cognitive evaluations, emotional feelings, and behavioral tendencies towards objects, people, or concepts.

Strategies to Cope

Various methods or approaches individuals employ to deal with internal or external demands that are perceived as stressful or difficult.