Accounting 32508

Accounting 32508 - Accounting 15/04/2008 12:36:00 801 #3...

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Unformatted text preview: Accounting 15/04/2008 12:36:00 801 #3 due Saturday the 29 th double spaced 12 point Times New Roman Absorption Costing Sales-COGS=Gross margin-Selling and Administrative=Total Sales-DM-DL-Variable OH Factory OH=Gross margin-S&A=Gross Profit Production Cost (COGS) and Period Cost (S&A) Variable Costing Sales-Var. Cost= Contribution Margin-Fixed Cost=Total Sales-DM-DL-V.O.H.-V.S&A= Gross Profit Variable Costing and Absorption Costing vary according to (FOH/unit)(produced-sold) QS 1&2 p.790 QS 9 p.791 400,000/40,000 units = cost/unit = Fixed OH cost of $10/unit Fixed OH cost ($10/unit x 25,000 {number of units sold} )=($250,000) 1875000-875000-250,000=$750,000-$400000=$350,000 Absorption Variable T = T # units produced = # units sold T > T # units produced > # units sold...
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Accounting 32508 - Accounting 15/04/2008 12:36:00 801 #3...

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