complete the table? 2 Assume3 Unit Price4 unit VC5 FC6 Budgeted volume7 Fixed cost per unit 100/100-$1a Full cost per unit$5$3$100Lan100 units3+1=$491246781011S=PS>PS

Absorption Costing is a technique of calculating cost of products of a manufacturing entity in which…

Answered: 1 2 3 4 5 6 S=P S>P S

Business

Accounting

1 2 3 4 5 6 S=P S>P S

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

complete the table?

2 Assume
3 Unit Price
4 unit VC
5 FC
6 Budgeted volume
7 Fixed cost per unit 100/100-$1
a Full cost per unit
$5
$3
$100
Lan
100 units
3+1=$4
9
1
2
4
6
7
8
10
11
S=P
S>P
S<P
12 Sales (s)
13 Production (P)
100
80
110
115
90
125
90
75
100
100
80
110
100
80
110
100
80
110
14
15 Revenues
16
17 Absorption costing
18 CGS
19 Gross Margin
20
21
22 Variable costing
23 ČGS
24 CM
25 Fixed Cost
26 Profit
27
28
3.

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