Selling Price/Unit Units Produced Units Sold Fixed Manufacturing Direct Materials/Unit Direct Labor/Unit Variable OH/Unit Var S,G,A/Unit Fixed S,G, & A $100 200 150 $1500 $3 $4 $10 $30 $2000 Year 1 Absorption Costing Variable (Direct) Costing Account Calculation Total Amount Account Calculation Total amount Sales Revenue Sales Revenue COGS Variable Expenses Gross Margin Contribution Margin S, G, & A Fixed Expenses Operating Income Operating Income 1. The unit product cost under Absorption Costing is: 2. The unit product cost under Variable Costing is: 3. The Cost of Goods Sold under Absorption Cost is: 4. Total Variable Expenses are: 5. Gross Margin 6. Total Contribution Margin is : 7. Operating Income under Absorption Costing is: 8. Operating Income under Variable Costing is : 9. The change in inventory units (if any) used in reconciling the difference in Operating Income between the Absorption and Variable Costing methods in: 10. To reconcile the difference in Operating Income between Absorption and Variable Costing methods, multiply the change in inventory units by…
|
Selling Price/Unit |
Units Produced |
Units Sold |
Fixed Manufacturing |
Direct Materials/Unit |
Direct Labor/Unit |
Variable OH/Unit |
Var S,G,A/Unit |
Fixed S,G, & A |
|
$100 |
200 |
150 |
$1500 |
$3 |
$4 |
$10 |
$30 |
$2000 |
Year 1
|
Absorption Costing |
Variable (Direct) Costing |
Account Calculation Total Amount Account Calculation Total amount
|
Sales Revenue |
|
|
Sales Revenue |
|
|
|
COGS |
|
|
Variable Expenses |
|
|
|
Gross Margin |
|
|
Contribution Margin |
|
|
|
S, G, & A |
|
|
Fixed Expenses |
|
|
|
Operating Income |
|
|
Operating Income |
|
|
1. The unit product cost under Absorption Costing is:
2. The unit product cost under Variable Costing is:
3. The Cost of Goods Sold under Absorption Cost is:
4. Total Variable Expenses are:
5. Gross Margin
6. Total Contribution Margin is :
7. Operating Income under Absorption Costing is:
8. Operating Income under Variable Costing is :
9. The change in inventory units (if any) used in reconciling the difference in Operating Income between the Absorption and Variable Costing methods in:
10. To reconcile the difference in Operating Income between Absorption and Variable Costing methods, multiply the change in inventory units by…
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