Homework Help is Here – Start Your Trial Now!
Business
Accounting
Selling Price/Unit Units Produced Units Sold Fixed Manufacturing Direct Materials/Unit Direct Labor/Unit Variable OH/Unit Var S,G,A/Unit Fixed S,G, & A $100 200 150 $1500 $3 $4 $10 $30 $2000   Year 1 Absorption Costing Variable (Direct) Costing Account                  Calculation       Total Amount        Account             Calculation      Total amount Sales Revenue     Sales Revenue     COGS     Variable Expenses     Gross Margin     Contribution Margin     S, G, & A     Fixed Expenses     Operating Income     Operating Income       1. The unit product cost under Absorption Costing is:   2. The unit product cost under Variable Costing is:   3. The Cost of Goods Sold under Absorption Cost is:   4. Total Variable Expenses are:   5. Gross Margin   6. Total Contribution Margin is :   7. Operating Income under Absorption Costing is:   8. Operating Income under Variable Costing is :   9. The change in inventory units (if any) used in reconciling the difference in Operating Income between the Absorption and Variable Costing methods in:     10. To reconcile the difference in Operating Income between Absorption and Variable Costing methods, multiply the change in inventory units by…

Selling Price/Unit Units Produced Units Sold Fixed Manufacturing Direct Materials/Unit Direct Labor/Unit Variable OH/Unit Var S,G,A/Unit Fixed S,G, & A $100 200 150 $1500 $3 $4 $10 $30 $2000   Year 1 Absorption Costing Variable (Direct) Costing Account                  Calculation       Total Amount        Account             Calculation      Total amount Sales Revenue     Sales Revenue     COGS     Variable Expenses     Gross Margin     Contribution Margin     S, G, & A     Fixed Expenses     Operating Income     Operating Income       1. The unit product cost under Absorption Costing is:   2. The unit product cost under Variable Costing is:   3. The Cost of Goods Sold under Absorption Cost is:   4. Total Variable Expenses are:   5. Gross Margin   6. Total Contribution Margin is :   7. Operating Income under Absorption Costing is:   8. Operating Income under Variable Costing is :   9. The change in inventory units (if any) used in reconciling the difference in Operating Income between the Absorption and Variable Costing methods in:     10. To reconcile the difference in Operating Income between Absorption and Variable Costing methods, multiply the change in inventory units by…

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.18E
See similar textbooks
icon
Related questions
Question

Selling

Price/Unit

Units

Produced

Units

Sold

Fixed Manufacturing

Direct Materials/Unit

Direct Labor/Unit

Variable OH/Unit

Var S,G,A/Unit

Fixed S,G, & A

$100

200

150

$1500

$3

$4

$10

$30

$2000

 

Year 1

Absorption Costing

Variable (Direct) Costing

Account                  Calculation       Total Amount        Account             Calculation      Total amount

Sales Revenue

 

 

Sales Revenue

 

 

COGS

 

 

Variable Expenses

 

 

Gross Margin

 

 

Contribution Margin

 

 

S, G, & A

 

 

Fixed Expenses

 

 

Operating Income

 

 

Operating Income

 

 

 

1. The unit product cost under Absorption Costing is:

 

2. The unit product cost under Variable Costing is:

 

3. The Cost of Goods Sold under Absorption Cost is:

 

4. Total Variable Expenses are:

 

5. Gross Margin

 

6. Total Contribution Margin is :

 

7. Operating Income under Absorption Costing is:

 

8. Operating Income under Variable Costing is :

 

9. The change in inventory units (if any) used in reconciling the difference in Operating Income between the Absorption and Variable Costing methods in:

 

 

10. To reconcile the difference in Operating Income between Absorption and Variable Costing methods, multiply the change in inventory units by…

 

Please correct answer & Fast Answer Please Thanks In advance

Selling Price/Unit $100 Year 1 Absorption Costing Sales Revenue COGS Account Amount Account amount Gross Margin Units Units Produced Sold S, G, & A 200 Operating Income 150 Sales Revenue Variable (Direct) Costing Calculation Total Calculation Variable Expenses Fixed Manufacturing Fixed Expenses $1500 Operating Income Contribution Margin Total 1. The unit product cost under Absorption Costing is: 2. The unit product cost under Variable Costing is: 3. The Cost of Goods Sold under Absorption Cost is: 4. Total Variable Expenses are: 5. Gross Margin 6. Total Contribution Margin is : 7. Operating Income under Absorption Costing is: 8. Operating Income under Variable Costing is : 9. The change in inventory units (if any) used in reconciling the difference in Operating Income between the Absorption and Variable Costing methods in: 10. To reconcile the difference in Operating Income between Absorption and Variable Costing methods, multiply the change in inventory units by... Dil Ma $3
Transcribed Image Text:Selling Price/Unit $100 Year 1 Absorption Costing Sales Revenue COGS Account Amount Account amount Gross Margin Units Units Produced Sold S, G, & A 200 Operating Income 150 Sales Revenue Variable (Direct) Costing Calculation Total Calculation Variable Expenses Fixed Manufacturing Fixed Expenses $1500 Operating Income Contribution Margin Total 1. The unit product cost under Absorption Costing is: 2. The unit product cost under Variable Costing is: 3. The Cost of Goods Sold under Absorption Cost is: 4. Total Variable Expenses are: 5. Gross Margin 6. Total Contribution Margin is : 7. Operating Income under Absorption Costing is: 8. Operating Income under Variable Costing is : 9. The change in inventory units (if any) used in reconciling the difference in Operating Income between the Absorption and Variable Costing methods in: 10. To reconcile the difference in Operating Income between Absorption and Variable Costing methods, multiply the change in inventory units by... Dil Ma $3
Direct Materials/Unit $3 Direct Labor/Unit $4 Variable Var OH/Unit $10 S,G,A/Unit $30 Fixed S,G, 8 A $2000
Transcribed Image Text:Direct Materials/Unit $3 Direct Labor/Unit $4 Variable Var OH/Unit $10 S,G,A/Unit $30 Fixed S,G, 8 A $2000
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 6 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Value Chain Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS