(c)During the most recent year, Fashionista Company had the following data:[Pada tahun terakhir, Syarikat Fashionista mempunyai data berikut:]Table 8: Production Costs[Jadual 8: Kos-kos Pengeluaran]BlouseSkirtUnits produced10,00030,000Units sold (RM47 per unit)9,30028,700RMRMSelling priceVariable costs per unit:47.0032.00Direct materialsDirect labor9.009.956.002.75Variable overhead4.001.65Selling expense2.00Fixed costs:Fixed overhead per unit produced5.002.50Fixed selling and administrative138,000296,500Required:|Dikehendaki:](i)Calculate the unit cost for the blouse and skirt makers using the variable costingmethod and absorption costing method.[Kirakan kos unit untuk blaus dan skirt menggunakan kaedah kos boleh ubah dan kaedah kosserapan.]Solve operating incom[Selesaikan pendapatan operasi menggunakan kos boleh ubah.](ii)variable costing.Solve operating income using absorption costing.[Selesaikan pendapatan operasi menggunakan kos serapan.](iii)

We need to understand the meaning of variable costing and absorption costing method. In variable…

(c) During the most recent year, Fashionista Company had the following data: [Pada tahun terakhir, Syarikat Fashionista mempunyai data berikut:] Table 8: Production Costs [Jadual 8: Kos-kos Pengeluaran] Blouse Skirt Units produced Units sold (RM47 per unit) 30,000 28,700 10,000 9,300 RM RM Selling price Variable costs per unit: Direct materials 47.00 32.00 9.00 9.95 Direct labor 6,00 2.75 Variable overhead Selling expense Fixed costs: 4.00 1.65 2.00 Fixed overhead per unit produced Fixed selling and administrative 5.00 2.50 138,000 296,500 Required: |Dikehendaki:/ (i) Calculate the unit for blouse and skirt makers using costing method and absorption costing method. [Kirakan kos unit untuk blaus dan skirt menggunakan kaedah kos boleh ubah dan kaedah kos serapan.] Solve operating income using variable costing. [Selesaikan pendapatan operasi menggunakan kos boleh ubah.] (ii) Solve operating income using absorption costing. [Selesaikan pendapatan operasi menggunakan kos serapan.] (iii)

(c) During the most recent year, Fashionista Company had the following data: [Pada tahun terakhir, Syarikat Fashionista mempunyai data berikut:] Table 8: Production Costs [Jadual 8: Kos-kos Pengeluaran] Blouse Skirt Units produced Units sold (RM47 per unit) 30,000 28,700 10,000 9,300 RM RM Selling price Variable costs per unit: Direct materials 47.00 32.00 9.00 9.95 Direct labor 6,00 2.75 Variable overhead Selling expense Fixed costs: 4.00 1.65 2.00 Fixed overhead per unit produced Fixed selling and administrative 5.00 2.50 138,000 296,500 Required: |Dikehendaki:/ (i) Calculate the unit for blouse and skirt makers using costing method and absorption costing method. [Kirakan kos unit untuk blaus dan skirt menggunakan kaedah kos boleh ubah dan kaedah kos serapan.] Solve operating income using variable costing. [Selesaikan pendapatan operasi menggunakan kos boleh ubah.] (ii) Solve operating income using absorption costing. [Selesaikan pendapatan operasi menggunakan kos serapan.] (iii)

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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am. 106.
V. Prepare a CONTRIBUTION MARGIN (also known as variable costing) income statement given a traditional (also known as absorption costing) income statement Bruno Industries manufactures and sells a single product. The controller has prepared the following income statement for the most recent year: B C D 1 2 3 Bruno Industries Traditional Income Statement (Absorption Costing) For the Year Ended December 31 4 5 Sales revenue 6 Less: Cost of goods sold 7 Gross profit 8 Less: Operating expenses 9 Operating income $ 406,000 329,000 $ 77,000 73,000 $ 4,000 10 The company produced 8,000 units and sold 7,000 units during the year ending December 31. Fixed manufacturing overhead (MOH) for the year was $152,000, while fixed operating expenses were $62,000. The company had no beginning inventory. Requirements 1. Will the company's operating income under variable costing be higher, lower, or the same as its operating income under absorption costing? Why? 2. Prepare a variable costing income…
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Subject : Accounting
Morning Company reports the following information for March: E (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Morning Company Income Statement (Absorption Costing) For the Month Ended March 31 Data Table Net Sales Revenue 67,850 Variable Cost of Goods Solłd 19,300 Operating income Fixed Cost of Goods Sold 8,400 Variable Selfing and Administrative Costs 16,500 Requirements Fixed Selling and Administrative Costs 3,800 1. Calculate the gross profit and operating income for March using absorption costing. 2. Calculate the contribution margin and operating income for March using variable costing. Print Done