Please help with Formula4 and Formula8 B4.5Data Section7 Actual production in units8 Sales in units9 Sales price per unit10 Variable manufacturing costs per unit11 Variable selling costs per unit12 Fixed manufacturing costs13 Fixed selling expenses10000080000301423150001000001415Answer Section1617 Income statement: Absorption costing1819 Sales-B8*B920 Cost of goods sold:Variable manufacturing costsFixed manufacturing costsTotal goods available for saleLess ending inventoryCost of goods sold-B7*B10EB12=(B21+B22)21222324FORMULA4=(B23-B24)=(C19-C25)2526 Gross profit27 Selling expenses:Fixed selling expensesVariable selling expensesTotal selling expenses-B7-B8*B112829=(B28+B29)=(C26-C30)3031 Operating income323334 Income statement: Variable costing3536 Sales|=IF((C19=0),0,(B8*B9))37 Cost of goods sold:38-B7*B10Variable manufacturing costsLess ending inventoryVariable cost of goods sold39FORMULA84041 Manufacturing margin42 Variable selling expenses43 Contribution margin44 Fixed costs:=(B38-B39)ЕС36-С40)B8*B11=(C41-C42)-B12=IF((C19=0),0,B13)45Fixed manufacturing costsFixed selling expensesTotal fixed costs46=(B45+B46)=(C43-C47)4748 Operating income4960

In absorption costing, product cost includes direct materials, direct labor cost, variable…

Answered: Please help with Formula4 and Formula8

Business

Accounting

Please help with Formula4 and Formula8

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

Please help with Formula4 and Formula8

B
4.
5
Data Section
7 Actual production in units
8 Sales in units
9 Sales price per unit
10 Variable manufacturing costs per unit
11 Variable selling costs per unit
12 Fixed manufacturing costs
13 Fixed selling expenses
100000
80000
30
14
2
315000
100000
14
15
Answer Section
16
17 Income statement: Absorption costing
18
19 Sales
-B8*B9
20 Cost of goods sold:
Variable manufacturing costs
Fixed manufacturing costs
Total goods available for sale
Less ending inventory
Cost of goods sold
-B7*B10
EB12
=(B21+B22)
21
22
23
24
FORMULA4
=(B23-B24)
=(C19-C25)
25
26 Gross profit
27 Selling expenses:
Fixed selling expenses
Variable selling expenses
Total selling expenses
-B7
-B8*B11
28
29
=(B28+B29)
=(C26-C30)
30
31 Operating income
32
33
34 Income statement: Variable costing
35
36 Sales
|=IF((C19=0),0,(B8*B9))
37 Cost of goods sold:
38
-B7*B10
Variable manufacturing costs
Less ending inventory
Variable cost of goods sold
39
FORMULA8
40
41 Manufacturing margin
42 Variable selling expenses
43 Contribution margin
44 Fixed costs:
=(B38-B39)
ЕС36-С40)
B8*B11
=(C41-C42)
-B12
=IF((C19=0),0,B13)
45
Fixed manufacturing costs
Fixed selling expenses
Total fixed costs
46
=(B45+B46)
=(C43-C47)
47
48 Operating income
49
60

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