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ACCT303Chapter9 - a.i.1.a.i.1.a.iii 9-16 differences(30 min...

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CHAPTER 9 a.i.1.a.i.1.a.i. INVENTORY COSTING AND CAPACITY ANALYSIS a.i.1.a.i.1.a.ii. a.i.1.a.i.1.a.iii. 9-16 (30 min.) Variable and absorption costing, explaining operating-income differences. a.i.1.a.i.1.a.iv. a.i.1.a.i.1.a.v. 1. Key inputs for income statement computations are a.i.1.a.i.1.a.vi. a.i.1.a.i.1.a.vii. a.i.1.a.i.1.a.viii.a.i.1.a.i.1.a.ix. a.i.1.a.i.1.a.x. Beginning inventory a.i.1.a.i.1.a.xi. Production a.i.1.a.i.1.a.xii. Goods available for sale a.i.1.a.i.1.a.xiii. Units sold a.i.1.a.i.1.a.xiv. Ending inventory a.i.1.a.i.1.a.xv. 0 a.i.1.a.i.1.a.xvi. 500 a.i.1.a.i.1.a.xvii. 500 a.i.1.a.i.1.a.xviii. 350 a.i.1.a.i.1.a.xix. 150 a.i.1.a.i.1.a.xx. 150 a.i.1.a.i.1.a.xxi. 400 a.i.1.a.i.1.a.xxii. 550 a.i.1.a.i.1.a.xxiii. 520 a.i.1.a.i.1.a.xxiv. 30 a.i.1.a.i.1.a.xxv. a.i.1.a.i.1.a.xxvi. The budgeted fixed cost per unit and budgeted total manufacturing cost per unit under absorption costing are a.i.1.a.i.1.a.xxvii. a.i.1.a.i.1. a.xxviii. a.i.1.a.i.1.a.xxix. a.i.1.a.i.1.a.xxx. 9- 1
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a.i.1.a.i.1. a.xxxi. (a) a.i.1.a.i.1. a.xxxii. (b) (c)=(a)÷(b) Budgeted fixed manufacturing cost per unit (d) Budgeted variable manufacturing cost per unit (e)=(c)+(d) Budgeted total manufacturing cost per unit a.i.1.a.i.1.a.xxxvi. $2,000,000 a.i.1.a.i.1.a.xxxvii. 500 a.i.1.a.i.1.a.xxxviii. $4,000 a.i.1.a.i.1.a.xxxix. $10,000 a.i.1.a.i.1.a.xl. $14,000 a.i.1.a.i.1.a.xli. $2,000,000 a.i.1.a.i.1.a.xlii. 500 a.i.1.a.i.1.a.xliii. $4,000 a.i.1.a.i.1.a.xliv. $10,000 a.i.1.a.i.1.a.xlv. $14,000 a.i.1.a.i.1.a.xlvi. a.i.1.a.i.1.a.xlvii. (a) Variable costing a.i.1.a.i.1.a.xlviii. a.i.1.a.i.1.a.xlix. a.i.1.a.i.1.a.l. a.i.1.a.i.1.a.li. May 2008 a.i.1.a.i.1.a.lii. Revenues a a.i.1.a.i.1.a.liii. a.i.1.a.i.1.a.liv. $8,400,000 a.i.1.a.i.1.a.lv. a.i.1.a.i.1.a.lvi. $12,480,000 a.i.1.a.i.1.a.lvii. Variable costsa.i.1.a.i.1.a.lviii.a.i.1.a.i.1.a.lix. a.i.1.a.i.1.a.lx.a.i.1.a.i.1.a.lxi. a.i.1.a.i.1.a.lxii. Beginning inventory a.i.1.a.i.1.a.lxiii. $ 0 a.i.1.a.i.1.a.lxiv. a.i.1.a.i.1.a.lxv. $1,500,000 a.i.1.a.i.1.a.lxvi. a.i.1.a.i.1.a.lxvii. Variable manufacturing costs a.i.1.a.i.1.a.lxviii. 5,000,000 a.i.1.a.i.1.a.lxix. a.i.1.a.i.1.a.lxx. 4,000,000 a.i.1.a.i.1.a.lxxi. 9- 2
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a.i.1.a.i.1.a.lxxii. Cost of goods available for sale a.i.1.a.i.1.a.lxxiii. 5,000,000 a.i.1.a.i.1.a.lxxiv. a.i.1.a.i.1.a.lxxv. 5,500,000 a.i.1.a.i.1.a.lxxvi. a.i.1.a.i.1.a.lxxvii. Deduct ending inventory a.i.1.a.i.1.a.lxxviii. (1,500,000) a.i.1.a.i.1.a.lxxix. a.i.1.a.i.1.a.lxxx. (300,000) a.i.1.a.i.1.a.lxxxi. a.i.1.a.i.1.a.lxxxii. Variable cost of goods sold a.i.1.a.i.1.a.lxxxiii. 3,500,000 a.i.1.a.i.1.a.lxxxiv. a.i.1.a.i.1.a.lxxxv. 5,200,000 a.i.1.a.i.1.a.lxxxvi. a.i.1.a.i.1.a.lxxxvii. Variable operating costs a.i.1.a.i.1.a.lxxxviii. 1,050,000 a.i.1.a.i.1.a.lxxxix. a.i.1.a.i.1.a.xc. 1,560,000 a.i.1.a.i.1.a.xci. a.i.1.a.i.1.a.xcii. Total variable costs a.i.1.a.i.1.a.xciii. a.i.1.a.i.1.a.xciv. 4,550,000 a.i.1.a.i.1.a.xcv. a.i.1.a.i.1.a.xcvi. 6,760,000 a.i.1.a.i.1.a.xcvii. Contribution margin a.i.1.a.i.1.a.xcviii. a.i.1.a.i.1.a.xcix. 3,850,000 a.i.1.a.i.1.a.c. a.i.1.a.i.1.a.ci.
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