10026_051010_96 - 22,100 Var. Sell. Exp. (9000)(.8) 7200...

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- Gave out 20-point take-home quiz due Monday May 17 th . -Gave out tan handout with example problem for Variable and Absorption Costing. -Page 1 of Tan Handout: ABS Var. Costing DM 3 3 DL 2 2 VOH (10,000/10,000) 1 1 FOH (15,000/10,000) 1.50 ---- Total $7.50 $6.00 Actual OH Allocated Var. 10,600 (10K)(1)= 10,000 Fixed 14,800 (10K)(1.50)= 15,000 Total $25,400 $25,000 Under/Over Allocated Total Var. 600 Under 400 Under Allocated Fixed 200 Over Normal Absorption Costing Income Statement Sales (9000)(10) 90,000 Beg. FG 0 CGM (10,000)(7.5) 75,000 GAFS 75,000 End FG (1000)(7.5) (7500) Unadj. COGS 67,500 Add: Under OH 400 Adj. COGS 67,900 (67,900) Gross Profit
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Unformatted text preview: 22,100 Var. Sell. Exp. (9000)(.8) 7200 Fixed Sell. Exp. 8000 (15,200) N.O.I. 6,900 ABS: 6,900 CGS: 9000(1.5) = 13,500 Var.: 5,400 End FG: 1000(1.5) = 1,500 (Deferred Cost) 1,500 $15,000 Normal Variable Costing Income Statement Sales (9000)(10) 90,000 Beg. FG CGM (10,000)(6) 60,000 GAFS 60,000 End FG (1000)(6) (6000) Unadj. Var. COGS 54,000 Add: Under OH 600 Adj. COGS 54,600 (54,600) Manufacturing Margin 35,400 Var. Sell. Exp. (7200) Contribution Margin 28,200 Fixed OH 14,800 Fixed Sell. Exp. 8000 (22,800) N.O.I. 5,400...
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10026_051010_96 - 22,100 Var. Sell. Exp. (9000)(.8) 7200...

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