WorksheetWeek12_post - Contribution Margin Variable...

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Absorption Costing and Variable Costing (EX 6-7) Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. a. unit product cost Absorption costing Variable costing Direct materials Direct labor Variable overhead Fixed overhead Unit product Cost b. income statement for the year Absorption costing Variable costing Sales Sales Variable CGS Variable CGS Fixed CGS Gross Margin
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Unformatted text preview: Contribution Margin Variable S&A Fixed CGS Fixed S&A Fixed S&A Net (Operating) Income Net (Operating) Income Segment Reporting The IT Corporation produces and markets two types of electronic calculators: Model 11 and Model 12. The following data were gathered on activities last month: Required: Prepare a segmented income statement in the contribution format for last month. Total Company Model 11 Model 12 Sales Variable costs Contribution margin Traceable fixed costs Segment margin Common fixed costs Net (Operating) Income...
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WorksheetWeek12_post - Contribution Margin Variable...

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