Job Order Costing

Job Order Costing - 46. Osaka Manufacturing Company...

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46. Osaka Manufacturing Company budgeted its 20X0 variable overhead at ¥26,230,000. Expected 20X0 volume was 6,100 units. Actual costs for production of 5,800 units during 20X0 were as follows: Variable Overhead ¥14,160, 000 Fixed overhead 26,340,0 00 Total overhead ¥40,500, 000 Compute the production-volume variance. Be sure to label it favorable or unfavorable. 55. Assume that the Perth Woolen Company produces a rug that sells for $20. Perth uses a standard cost system. Total standard variable costs of production are $8 per rug, fixed manufacturing costs are $150,000 per year, and selling and administrative expenses are $30,0000 per year, all fixed. Expected production volume is 25,000 rugs per year. 1. For each of the following nine combinations of actual sales and production (in thousands of units) for 20X0, prepare condense income statements under variable costing and under absorption costing. 1 2 3 4 5 6 7 8 9 Sales Units 15 20 25 20 25 30 25 30 35 Production Units 20 20 20 25 25 25 30 30 30 Use the following formats: Variable Costing Absorptions Costing Revenue $aa Revenue $aa Cost of goods sold bb Cost of goods sold uu Contribution margin $cc Gross profit at standard
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This note was uploaded on 02/25/2012 for the course ECON ECON taught by Professor Animesh during the Spring '12 term at DeVry Phoenix.

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Job Order Costing - 46. Osaka Manufacturing Company...

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