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CA CHAP 9 HW - MichaelBailey CostAccounting...

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Michael Bailey Cost Accounting Chapter 9 Homework Q1:  9-23 <1> VARIABLE COSTING 2008 2009 Sales 1000 1200 Production 1400 1000 Rev 3000 3600 Var Cost:     BI 0 200     VCGM 700 500     COFAS 700 700     DEI -200 -100     VCOGS 500 600     VOC 1000 1200         VC 1500 1800 CM 1500 1800 FC:     FMC 700 700     FOC 400 400         TFC 1100 1100 OI 400 700 <2> ABSORPTION COSTING 2008 2009 Sales 1000 1200 Production 1400 1000 Rev 3000 3600 Var Cost:     BI 0 400     VMC 700 500     FMC 700 700     COGAS 1400 1600     DEI -400 -240         COGS 1000 1360     GM 2000 2240 OC:     VOC 1000 1200     FOC 400 400         TOC 1400 1600 OI 600 640
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<3> 2008 2009 VC:     OI 400 700     EI 200 100 AC:     OI 600 640     EI 400 240     FMO:         BI 0 200         EI 200 140 ACOI-VCOI = FMCEI-FMCBI 2008 200 2009 -60 <4> Q2:  9-39 2009 Master PC 2010 Master BFC 1533000 1533000 1533000 DL 1022000 1460000 876000 BFC/DL 1.5 1.05 1.75 BVCPM 4.5 4.5 4.5 TOTAL 6 5.55 6.25 <1> Fixed costs divided by budgeted number of meals:  1533000/1022000 = $1.50 <2> <3> 2008 has higher operating income because there is $200 more in ending  inventory. 2009 has income of $-60 because there was $60 more in beginning 
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