{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Accnt Hw P6-12 - P612 1)a b DirectMaterials DirectLabor...

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

View Full Document Right Arrow Icon
P6-12 1) a. Direct Materials $20 Direct Labor $8 Variable Man. Overhead $2 Fixed Man. Overhead $10 <- 100,000/10,000 Absorption costing unit product cost $40 b. High Country, Inc Income Statement Sales $600,000 Cost of Goods Sold 320000 Gross Margin 280000 Selling and Administrative Expenses 248000 Net Operating Income $32,000 2) a. Direct Materials $20  Direct Labor $8  Variable Man. Overhead $2  Variable Costing unit product cost $30  b. High Country, Inc. Income Statement Sales $600,000 Variable Expenses:      Variable cost of goods sold 240000      Variable selling and administrative expense 48000 Total Variable expenses 288000 Contribution margin 312,000 Fixed expenses:
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}