History Bookmarks People Window Help 16% [4 Thu Apr 9 10:09 AM CengageNOWv2 | Online teach x Norton Security Restar genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmer Updates completed. Please restart your computer. Later CaicuiatoT Fint iemT Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $2,160,000 Variable cost of goods sold: Variable cost of goods manufactured $1,620,000 Inventory, March 31 (324,000) Total variable cost of goods sold (1,296,000) Manufacturing margin $864,000 Total variable selling and administrative expenses (96,000) Contribution margin $768,000 Fixed costs: Fixed manufacturing costs $210,000 Fixed selling and administrative expenses 45,000 Total fixed costs (255,000) Operating income $513,000 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing $4 Absorption costing A MacBook 80 000 F3 F4 DII DD F5 F6 F7 F8 F9 F10 F11 F12 & 8. 9- %3D { 1 + I| %24 %24
History Bookmarks People Window Help 16% [4 Thu Apr 9 10:09 AM CengageNOWv2 | Online teach x Norton Security Restar genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmer Updates completed. Please restart your computer. Later CaicuiatoT Fint iemT Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $2,160,000 Variable cost of goods sold: Variable cost of goods manufactured $1,620,000 Inventory, March 31 (324,000) Total variable cost of goods sold (1,296,000) Manufacturing margin $864,000 Total variable selling and administrative expenses (96,000) Contribution margin $768,000 Fixed costs: Fixed manufacturing costs $210,000 Fixed selling and administrative expenses 45,000 Total fixed costs (255,000) Operating income $513,000 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing $4 Absorption costing A MacBook 80 000 F3 F4 DII DD F5 F6 F7 F8 F9 F10 F11 F12 & 8. 9- %3D { 1 + I| %24 %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:History Bookmarks
People
Window Help
16% [4
Thu Apr 9 10:09 AM
CengageNOWv2 | Online teach x
Norton Security
Restar
genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmer
Updates completed. Please restart
your computer.
Later
CaicuiatoT
Fint iemT
Barnard Inc.
Variable Costing Income Statement
For the Year Ended March 31, 20Y1
Sales
$2,160,000
Variable cost of goods sold:
Variable cost of goods manufactured
$1,620,000
Inventory, March 31
(324,000)
Total variable cost of goods sold
(1,296,000)
Manufacturing margin
$864,000
Total variable selling and administrative expenses
(96,000)
Contribution margin
$768,000
Fixed costs:
Fixed manufacturing costs
$210,000
Fixed selling and administrative expenses
45,000
Total fixed costs
(255,000)
Operating income
$513,000
Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption
costing concept.
Variable costing
$4
Absorption costing
A
MacBook
80
000
F3
F4
DII
DD
F5
F6
F7
F8
F9
F10
F11
F12
&
8.
9-
%3D
{
1
+ I|
%24
%24
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