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# ass13 - Eric Shulman OR&IE 350 Sect 04 Problem 1 A Hunting...

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Eric Shulman OR&IE 350 Sect 04 11/28/2006 Problem 1 A) Hunting Products Research Inc. Income Statement - Absorption Month Long Sales Revenue \$122,366.00 CGS: \$39,450.00 CGS \$72,168.40 \$18,680.00 \$48,000.00 Gross Margin \$50,197.60 \$106,130.00 Selling Exp. (\$10,000.00) Admin Exp. (\$7,000.00) total CGS * 680/1000: \$72,168.40 Operating Income \$33,197.60 B) Hunting Products Research Inc. Income Statement - Variable Costing (non-GAAP) Month Long Revenue \$122,366.00 Variable Manuf. Costs \$39,528.40 Contribution Margin \$82,837.60 Manufacturing Overhead (\$48,000.00) Selling Exp. (\$10,000.00) Admin Exp. (\$7,000.00) Operating Income \$17,837.60 C)

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Finished Goods (Inventory) Part A For absorption: \$33,961.60 = 106130*320/1000 For Variable: \$12,649.09 = 39528.4*320/1000 correct answer is : 18601.6 Problem 2 A) Absorption: COG: \$600.00 \$1,500.00 \$300.00 \$1,066.67 \$3,466.67 \$1,660,000.00 Variable: cost per unit \$600.00 \$1,500.00 \$300.00 \$2,400.00 \$1,190,000.00 C) Pneumotech Income Statement - Absorption Month of October Revenue \$5,400,000.00 CGS \$4,160,000.00 Gross Margin \$1,240,000.00 Selling and Adm Exp. (\$184,000.00)
Operating Income \$1,056,000.00 Pneumotech Income Statement - Variable

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