Chapter 7 Homework 1

Chapter 7 Homework 1 - Fixed Manufacturing Overhead 240,000...

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Chapter 7 Problem 14 1) a. DM + DL + VOH + FOH = $6 + $12 + $4 + , , $240 00030 000 = $30/unit b. DM + DL + VOH = $22/unit 2) May June Sales $1,040,000 $1,360,000 Variable Expenses: Variable Cost of Goods Sold: Beginning Inventory 0 88,000 Add Variable Manufacturing Costs 660,000 660,000 Goods Available for Sale 660,000 748,000 Less Ending Inventory 88,000 0 Variable Cost of Goods Sold 572,000 748,000 Variable Selling and Admin Expenses 78,000 102,000 Contribution Margin 390,000 510,000 Fixed Expenses:
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Unformatted text preview: Fixed Manufacturing Overhead 240,000 240,000 Fixed Selling and Admin Expenses 180,000 180,000 Net Operating Income ($30,000) $90,000 3) Variable Costing Net Operating Income ($30,000) $90,000 +Fixed Manufacturing Overhead deferred 32,000 in inventory under absorption-Fixed Manufacturing Overhead released (32,000) from inventory under absorption Absorption Costing Net Operating Income $2,000 $58,000...
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This note was uploaded on 11/16/2009 for the course ACCT 152 taught by Professor Bayak during the Spring '07 term at Lehigh University .

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