Chapter 9 cost HW

# Chapter 9 cost HW - Saikat Mitra Chapter 9 HW Cost...

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Saikat Mitra Chapter 9 HW Cost Accounting 9-16 1. Information for income statement computations are: April May Beginning inventory Production Goods available for sale Units sold Ending inventory 0 500 500 350 150 150 400 550 520 30 Budgeted Fixed Cost: April May (a) Budgeted fixed manufacturing costs (b) Budgeted production (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 \$2,000,000 500 \$4,000 \$10,000 \$14,000 \$2,000,000 500 \$4,000 \$10,000 \$14,000 a) Variable costing April May Variable costs: Beginning inventory Variable manufacturing costs Cost of goods available for sale Deduct ending inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin Fixed costs Fixed manufacturing costs Fixed operating costs Total fixed costs Operating income \$ 0 5,000,000 5,000,000 (1,500,000) 3,500,000 1,050,000 2,000,000 600,000 \$8,400,000 4,550,000 3,850,000 2,600,000 \$1,250,000 \$1,500,000 4,000,000 5,500,000 (300,000) 5,200,000 1,560,000 2,000,000 600,000 \$12,480,000 6,760,000 5,720,000 2,600,000 \$3,120,000 (b) Absorption costing:

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April May Cost of Goods Sold: Beginning inventory Variable manufacturing costs (1) Fixed Manu. Cost (2) Cost of goods available for sale Deduct ending inventory
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## This note was uploaded on 12/12/2011 for the course ECON 121 taught by Professor N/a during the Spring '11 term at Butler Community College.

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Chapter 9 cost HW - Saikat Mitra Chapter 9 HW Cost...

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