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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)
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Operating Income $1,056,000.00 Pneumotech Income Statement - Variable
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