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The net income is different under absorption costing income statement as compared to variable costing income statement primarily on account of inclusion of fixed cost associated with the closing stock in the ending inventory under absorption costing. This cost would be reported as an operating expense under variable costing. Thus, under variable costing, operating income would always be be less than under absorption costing.
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Paste Lut [B Copy * Format Painter B I U B ab. 191 Clipboard Font Alignme...
Paste B I U- Cells - - A Alignment Number Conditional Format as Cell Formatting Table...
Paste B I U- Cells - - A Alignment Number Conditional Format as Cell Formatting Table - Styles Styles Clipboard Font C22 1 Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: $420 FR 13 Selling price per fireplace | 4 Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead 9 Fixed manufacturing overhead per year 10 Selling and administrative expenses: 11 Variable per unit sold 12 Fixed per...
* Format Painter BIU - ab X, X A- Clipboard Font Lavage Rapide is a Canadian...
* Format Painter BIU - ab X, X A- Clipboard Font Lavage Rapide is a Canadian company that owns and operates a large automatic car w. Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity $ 1,200 $ 0.15 Maintenance Wages and salarie $ 5,000 Depreciation 6,000 Rent $ 8,000 Administrative expenses. $ 4,000 0.2012 100 For example, electricity costs are $1,200 per month plus $0.15 per car washed. The com The actual operating results for August appear...
Format Painte Clipboard Alignment AALS : X for Bc - Unit Cost Volume Profit Read Chapter...
Format Painte Clipboard Alignment AALS : X for Bc - Unit Cost Volume Profit Read Chapter 18 Problem 2 Jefff Fargo owns Fargo Quick Lube and Oil. Jeff wants to know what his monthly break even sales are and what is Margin of Safety Ratio is. On average Fargo's Quick Lube performs 950 total services at an average cost of $50 each. Monthly Fixed costs are 11,200 El 21 Variable costs were 60% of sales 1 Calculate the contribution margin...
ill Από Paste LECopy $ Format Painter BIU ΑΙ Font Clipboard fx 21 B c E...
ill Από Paste LECopy $ Format Painter BIU ΑΙ Font Clipboard fx 21 B c E A Data 75% Markup on job cost Department Milling Assembly 7 60.000 3,000 8 Machine-hours 8,000 80,000 9 Direct labor hours $390,000 $500,000 170 Total fixed manufacturing overhead cost $200 71 Variable manufacturing overhead per machine-hour $3.75 12 Variable manufacturing overhead per direct labor-hour 13 14 Cost summary for Job 407 Department 15 Milling Assembly 90 4 16 Machine-hours 5 20 17 Direct labor-hours...
A cut Copy - Format Painter Clipboard 10 AA EE a. A BIU Wrap Text Merge...
A cut Copy - Format Painter Clipboard 10 AA EE a. A BIU Wrap Text Merge & Center - E Accounting $ - %, 85 Alignment Number B27 - B DE F 1 Chapter 7: Applying Excel 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead 6 $500,000 $300,000 Assembling Processing Units Orders 50% 35% 10% 45% 1.000 units orders 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity 11 Supporting Customers 5% 25% 100 customers Other...
Sales 5200 x $73 = Total var Cost Total Cont margin Total Fixed 379,600 208 680...
Sales 5200 x $73 = Total var Cost Total Cont margin Total Fixed 379,600 208 680 170,980 49.300 121,600 354, 120 444087 -308,680 $115,440 49.300 $66, 140 operating Income 34 Head-thirst. Co plans to sell 4800 bicycle helmets @ $67eochin the coming year, unit vanable cost is $39.55. Fixed factory over head is $19,000 & selling & admin expenses is 29,400. 1- Calculate variable Cost ratio : Variade.cost ratio = Lent variable cost / Price = 439,5/67 x = 0.59...
H8 5 Unit 2 Cost Volume Profit 6 Read Chapter 18 Problem 3 Frost Fire Company...
H8 5 Unit 2 Cost Volume Profit 6 Read Chapter 18 Problem 3 Frost Fire Company is analyzing two alternative methods of manufacturing is custom snowboards. The Managerial Accountant has performed an analysis that indicates that variable costs can be reduced 40% by installing a machine that would automate production, but fixed costs would increase to $675,000. Analysis 1 shows costs before installing the machine; Analysis 2 shows costs after the machine is installed. If Analysis 2 is selected, Management...
show with formulas please & Formatting Table Styles Styles Clipboard Font 028 4 D E 2.750.000...
show with formulas please
& Formatting Table Styles Styles Clipboard Font 028 4 D E 2.750.000 1.600.000 1.150.000 $ А B 1 Laurman, Inc. is considering the following project: 2 Required investment in equipment $ 2.205.000 3 Project life 7 4 Salvage value 225.000 5 The project would provide net operating income each year as follows: 7 Sales 8 Variable expenses 9 Contribution margin 10 Fixed expenses: 11 Salaries, rent and other fixed out of pocket costs $ $20.000 12...
SHOW ANSWERS WITH FORMULAS ON EXCEL PLEASE & Formatting Table Styles Styles Clipboard Font 028 4...
SHOW ANSWERS WITH FORMULAS ON EXCEL PLEASE
& Formatting Table Styles Styles Clipboard Font 028 4 D E 2.750.000 1.600.000 1.150.000 $ А B 1 Laurman, Inc. is considering the following project: 2 Required investment in equipment $ 2.205.000 3 Project life 7 4 Salvage value 225.000 5 The project would provide net operating income each year as follows: 7 Sales 8 Variable expenses 9 Contribution margin 10 Fixed expenses: 11 Salaries, rent and other fixed out of pocket costs...
i se the results for Income Statements under Absorption Conting and Variable Casting in County Motors...
i se the results for Income Statements under Absorption Conting and Variable Casting in County Motors Inc. assemblies and snowmobile engines. The company began operations on July 1 and operated at 100% of capacity during the first month. The following data w Sales (4.000 units) $2.600,000 Productions (4.350 units) Direct $1.218.000 Direct labor 522.000 Variable factory overhead Food factory overhead 130,500 1,957,500 ding and administrative expenses Variable selling and administrative expenses Fored selling and administrative expenses 25.000 3.000 ) .....
Paste B I U- Cells - - A Alignment Number Conditional Format as Cell Formatting Table - Styles Styles Clipboard Font C22 1 Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: $420 FR 13 Selling price per fireplace | 4 Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead 9 Fixed manufacturing overhead per year 10 Selling and administrative expenses: 11 Variable per unit sold 12 Fixed per...
* Format Painter BIU - ab X, X A- Clipboard Font Lavage Rapide is a Canadian company that owns and operates a large automatic car w. Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity $ 1,200 $ 0.15 Maintenance Wages and salarie $ 5,000 Depreciation 6,000 Rent $ 8,000 Administrative expenses. $ 4,000 0.2012 100 For example, electricity costs are $1,200 per month plus $0.15 per car washed. The com The actual operating results for August appear...
Format Painte Clipboard Alignment AALS : X for Bc - Unit Cost Volume Profit Read Chapter 18 Problem 2 Jefff Fargo owns Fargo Quick Lube and Oil. Jeff wants to know what his monthly break even sales are and what is Margin of Safety Ratio is. On average Fargo's Quick Lube performs 950 total services at an average cost of $50 each. Monthly Fixed costs are 11,200 El 21 Variable costs were 60% of sales 1 Calculate the contribution margin...
ill Από Paste LECopy $ Format Painter BIU ΑΙ Font Clipboard fx 21 B c E A Data 75% Markup on job cost Department Milling Assembly 7 60.000 3,000 8 Machine-hours 8,000 80,000 9 Direct labor hours $390,000 $500,000 170 Total fixed manufacturing overhead cost $200 71 Variable manufacturing overhead per machine-hour $3.75 12 Variable manufacturing overhead per direct labor-hour 13 14 Cost summary for Job 407 Department 15 Milling Assembly 90 4 16 Machine-hours 5 20 17 Direct labor-hours...
A cut Copy - Format Painter Clipboard 10 AA EE a. A BIU Wrap Text Merge & Center - E Accounting $ - %, 85 Alignment Number B27 - B DE F 1 Chapter 7: Applying Excel 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead 6 $500,000 $300,000 Assembling Processing Units Orders 50% 35% 10% 45% 1.000 units orders 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity 11 Supporting Customers 5% 25% 100 customers Other...
Sales 5200 x $73 = Total var Cost Total Cont margin Total Fixed 379,600 208 680 170,980 49.300 121,600 354, 120 444087 -308,680 $115,440 49.300 $66, 140 operating Income 34 Head-thirst. Co plans to sell 4800 bicycle helmets @ $67eochin the coming year, unit vanable cost is $39.55. Fixed factory over head is $19,000 & selling & admin expenses is 29,400. 1- Calculate variable Cost ratio : Variade.cost ratio = Lent variable cost / Price = 439,5/67 x = 0.59...
H8 5 Unit 2 Cost Volume Profit 6 Read Chapter 18 Problem 3 Frost Fire Company is analyzing two alternative methods of manufacturing is custom snowboards. The Managerial Accountant has performed an analysis that indicates that variable costs can be reduced 40% by installing a machine that would automate production, but fixed costs would increase to $675,000. Analysis 1 shows costs before installing the machine; Analysis 2 shows costs after the machine is installed. If Analysis 2 is selected, Management...
show with formulas please
& Formatting Table Styles Styles Clipboard Font 028 4 D E 2.750.000 1.600.000 1.150.000 $ А B 1 Laurman, Inc. is considering the following project: 2 Required investment in equipment $ 2.205.000 3 Project life 7 4 Salvage value 225.000 5 The project would provide net operating income each year as follows: 7 Sales 8 Variable expenses 9 Contribution margin 10 Fixed expenses: 11 Salaries, rent and other fixed out of pocket costs $ $20.000 12...
SHOW ANSWERS WITH FORMULAS ON EXCEL PLEASE
& Formatting Table Styles Styles Clipboard Font 028 4 D E 2.750.000 1.600.000 1.150.000 $ А B 1 Laurman, Inc. is considering the following project: 2 Required investment in equipment $ 2.205.000 3 Project life 7 4 Salvage value 225.000 5 The project would provide net operating income each year as follows: 7 Sales 8 Variable expenses 9 Contribution margin 10 Fixed expenses: 11 Salaries, rent and other fixed out of pocket costs...
i se the results for Income Statements under Absorption Conting and Variable Casting in County Motors Inc. assemblies and snowmobile engines. The company began operations on July 1 and operated at 100% of capacity during the first month. The following data w Sales (4.000 units) $2.600,000 Productions (4.350 units) Direct $1.218.000 Direct labor 522.000 Variable factory overhead Food factory overhead 130,500 1,957,500 ding and administrative expenses Variable selling and administrative expenses Fored selling and administrative expenses 25.000 3.000 ) .....
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