ACC445 P2T1 IP due 1-19-07 - ACC445-0701A-01 Cost...

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ACC445-0701A-01 Cost Accounting Cara Cole/Estes Phase 2, Task 1 – Individual Project Due: 1/19/07 Variable and Absorption Income Statements Variable Cost Income Statement 2003 Revenue 640,000 x $5.47 $3,500,000 Variable COGS Beginning Inventory $- Variable Mfg Costs 650,000 x $3.58 2,324,200 COG Available for Sale 2,324,200 Deduct Ending Inventory 10,000 x $3.58 (34,600) Variable Cost of Goods Sold 2,289,600 Variable Marketing Costs $60,000+$7,000+$2,000+$1,000 70,000 Contribution Margin 1,140,400 Fixed Mfg Costs $150,000+$45,000 195,000 Fixed Marketing Costs - Operating Income $945,400 2004 Revenue 825,000 x $5.45 $4,500,000 Variable COGS Beginning Inventory $34,600 Variable Mfg Costs 846,500 x 3.62 3,062,875 COG Available for Sale 3,097,475 Deduct Ending Inventory 31,500 x 3.62 (115,475) Variable Cost of Goods Sold 2,982,000 Variable Marketing Costs $65,000+$10,000+$3,000+$2,000 80,000 Contribution Margin 1,438,000 Fixed Mfg Costs $150,000+$50,000 200,000 Fixed Marketing Costs - Operating Income
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This note was uploaded on 11/05/2011 for the course ACCOUNTING 101 taught by Professor Online during the Spring '11 term at Colorado Technical University.

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ACC445 P2T1 IP due 1-19-07 - ACC445-0701A-01 Cost...

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