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

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.