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Compute the operating income for the first year

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Reference no: EM132468208

Start Me Up Inc. manufactures a caffeinated energy drink that sells for $4.80 each. The results for its first year of operations appear in the table below:

                                                               Projections

Number of drinks produced                               56,500

Number of drinks sold                                    47,700

Direct materials per drink                                 $0.73

Direct labor per drink                                      $0.43

Variable manufacturing overhead per drink.         $0.33

Total fixed manufacturing overhead                $43,505

Total fixed selling and administrative costs       $59,000

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: EM132468208

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