Professional Documents
Culture Documents
Variable Costing
Revenue
V COGS:
Beg Inv
Direct Materials
Direct Labor
V MOH
End Inv
Gross Margin
Variable Mktg Cost
Fixed Cost:
Manuf Cost
Admin Cost
Mktg Cost
Operating Income
9-23
Variable Costing
Revenue
V COGS
Beg Inv
V Manuf Cost
End Inv
Gross Margin
V Mktg
F Manuf Cost
F Mktg
Operating Income
Absorption Costing
Revenues
COGS
Beg Inv
V Manuf Cost
F Manuf Cost
End Inv
Gross Margin
V Mktg
F Mktg
Operating Income
9-28
Budgeted Production
8,100,000.00
$
$
700,000.00
$
600,000.00
$ 1,200,000.00
$ (250,000.00) $
$
$
2,250,000.00
5,850,000.00
810,000.00
$ 1,100,000.00
$
965,450.00
$ 1,366,400.00 $
$
3,431,850.00
1,608,150.00
$
$
$
$
$
$
$
700.00
(200.00) $
$
1,000.00
700.00
400.00 $
$
$
$
$
$
$
$
$
700.00
700.00
(400.00) $
$
1,000.00
400.00 $
$
2011
3,000.00
500.00
2,500.00
2,100.00
400.00
2011
3,000.00
1,000.00
2,000.00
1,400.00
600.00
3.00
Beg Inv
Actual Production
Sales
End Inv
Variable Costing
Revenue
V COGS:
Beg Inv
V Manuf Cost
End Inv
Gross Margin
V Operating Cost
Contribution Margin
F Manuf Cost
F Operating Cost
Operating Income
Variable Costing
Revenue
V COGS:
Beg Inv
Direct Materials
Direct Labor
V MOH
End Inv
Gross Margin
Variable Mktg Cost
Fixed Cost:
Manuf Cost
Admin Cost
Operating Income
Variable Costing
Revenue
COGS
Gross Margin
Fixed FOH
Variable Sell Exp
Fixed Sell Exp
Variable Admin Exp
Fixed Admin Exp
Net Income
30,000
550,000
540,000
40,000
F Manuf Cost
SP
V Operating Cost/Unit
F Operating Cost
$
$
90,000.00
$ 1,650,000.00
$ (120,000.00) $
$
$
$
$
420,000.00
$
120,000.00 $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
525,000.00
375,000.00
150,000.00
(105,000.00) $
$
162,000.00
2,700,000.00
1,620,000.00
1,080,000.00
(540,000.00)
540,000.00
540,000.00
-
1,822,500.00
945,000.00
877,500.00
195,000.00
140,000.00 $
$
497,000.00
380,500.00
$
$
$
130,000.00
46,500.00
83,500.00
10,000.00
15,000.00
14,700.00
3,750.00
6,375.00 $
$
49,825.00
33,675.00
$
$
$
0.70
5.00
1.00
Absorption Costing
Revenue
COGS
Beg Inv
Direct Materials
Direct Labor
V MOH
F MOH
End Inv
Adjustment
Gross Margin
Operating Cost:
V Mktg Cost
F Admin Cost
F Mktg Cost
Operating Income
$ 8,100,000.00
$
$
700,000.00
$
600,000.00
$ 1,200,000.00
$
880,000.00
$ (338,000.00)
$
220,000.00 $ 3,262,000.00
$ 4,838,000.00
$
810,000.00
$
965,450.00
$ 1,366,400.00 $ 3,141,850.00
$ 1,696,150.00
$
$
$
$
$
$
$
200.00
500.00
(100.00) $
$
1,200.00
700.00
400.00 $
$
$
$
$
$
$
$
$
400.00
500.00
700.00
(240.00) $
$
1,200.00
400.00 $
$
2012
3,600.00
600.00
3,000.00
2,300.00
700.00
2012
3,600.00
1,360.00
2,240.00
1,600.00
640.00
420,000.00
120,000.00
Absorption Costing
Revenue
COGS:
Beg Inv
V Manuf Cost
F Manuf Cost
Adjustment
End Inv
Gross Margin
V Operating Cost
F Operating Cost
Operating Income
Absorption Costing
Revenue
COGS
Beg Inv
Direct Materials
Direct Labor
V MOH
F MOH
End Inv
Gross Margin
Operating Cost:
V Mktg Cost
F Admin Cost
Operating Income
Absorption Costing
Revenue
COGS
Gross Margin
Variable Sell Exp
Fixed Sell Exp
Variable Admin Exp
Fixed Admin Exp
Adjustment
Net Income
$ 2,700,000.00
$
111,000.00
$ 1,650,000.00
$
385,000.00
$
35,000.00
$ (148,000.00) $ 2,033,000.00
$
667,000.00
$
540,000.00
$
120,000.00 $
660,000.00
$
7,000.00
$ 1,822,500.00
$
$
$
$
$
$
$
$
$
$
$
$
$
525,000.00
375,000.00
150,000.00
195,000.00
(124,500.00) $ 1,120,500.00
$
702,000.00
162,000.00
140,000.00 $
$
302,000.00
400,000.00
$
$
$
130,000.00
56,000.00
74,000.00
15,000.00
14,700.00
3,750.00
6,375.00
120.00 $
$
39,945.00
34,055.00
20-23
Stage A
A1
A2
$ 2,754,000.00
$ 2,754,000.00
723,600.00
$
723,600.00
Stage B
NO ENTRY
Stage C
C1
Stage D
D1
D2
$ 3,484,000.00
$ 3,432,000.00
Finished Goods
RIP Inventory Control
$
$
$ 2,733,600.00
$
750,400.00
$ 3,432,000.00
750,400.00
$
$
723,600.00
26,800.00
4,000.00
$
$
10,400.00
7,800.00
2,500.00
1,000.00
7,100.00
4,000.00
18,200.00
2,500.00
1,000.00
2,100.00
5,000.00
20-24
Stage A
A1
A2
Inventory Control
Accounts Payable
$ 2,754,000.00
723,600.00
Stage B
NO ENTRY
Stage C
NO ENTRY
Stage D
D1
D2
$ 3,432,000.00
739,200.00
20-25
Stage A
A1
NO ENTRY
$ 2,754,000.00
A2
$
723,600.00
Stage B
NO ENTRY
Stage C
C1
$ 2,692,000.00
$
739,200.00
Stage D
D1
D2
$
$
723,600.00
15,600.00
723,600.00
$
723,600.00
$ 3,484,000.00
$ 2,733,600.00
$
750,400.00
$ 3,432,000.00
$ 3,432,000.00
$
750,400.00
$
$
723,600.00
26,800.00