~Absorption vs Variable - Finished Goods Variable...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Page 1 of 1 ABSORPTION vs VARIABLE A BSORPTION C OSTING V ARIABLE C OSTING Sales Sales < Variable Manufacturing Costs > < Variable Manufacturing Costs > < Fixed Manufacturing Costs > < Variable Administrative Costs > Gross Margin Contribution Margin < Variable Administrative Costs > < Fixed Manufacturing Costs > < Fixed Administrative Cost > < Fixed Administrative Cost > Operating Income Operating Income A BSORPTION C OSTING Cost Inventory Expense Direct Material Work in Process when Cost of Goods Direct Labour or sold Sold
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Finished Goods Variable Manufacturing Overhead Fixed Manufacturing Overhead V ARIABLE C OSTING Cost Inventory Expense Direct Material Work in Process when Cost of Goods Direct Labour or sold Sold Finished Goods Variable Manufacturing Overhead Fixed Manufacturing Overhead expensed in period incurred Operating Expense Developed by Terrence G Peterson, All Rights Reserved 45b39518550f5a22fd8fd396f1aaf4a199f6919c.doc ProfTGP@aol.com Cost of Goods Sold...
View Full Document

This note was uploaded on 06/06/2011 for the course ACCOUNTING 505 taught by Professor Layvand during the Spring '08 term at Keller Graduate School of Management.

Ask a homework question - tutors are online