Exercise 7
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Exercise 7-6 1. Absorption costing Dm
= 50
DL
=80
VMOH = 20 Total VMOH =150 FMOH =150+35 =$185
(70,000/20,000)
2. Income statement Sales (19,000x210)
3,990,000
COGS Beginning inventory
0
(+)
COGM(20,000x185)
3,700,000
(-)
Ending inventory(1,000x185) COGS
185,000 3,515,000
Gross margin S/A
475,000 475,000
(19,000x10+285,000) NOI
Exercise 7-9
0
1. Variable costing DM
5
DL
6
VMOH
1 12 unit product cost
Whitman Company Income Statement Sales (35,000x25)
875,000
VCOGS Beginning inventory (+)
0
Variable manufacturing cost(40,000x12)
480,000 480,000
(-)
Ending inventory(5,000x12)
6,000 420,000
(+)
V S/A(35,000x2)
70,000
CM
490,000 385,000
Fixed Expenses : F MOH F S/A NOI
160,000 210,000
370,000 15,000
= 50
DL
=80
VMOH = 20 Total VMOH =150 FMOH =150+35 =$185
(70,000/20,000)
2. Income statement Sales (19,000x210)
3,990,000
COGS Beginning inventory
0
(+)
COGM(20,000x185)
3,700,000
(-)
Ending inventory(1,000x185) COGS
185,000 3,515,000
Gross margin S/A
475,000 475,000
(19,000x10+285,000) NOI
Exercise 7-9
0
1. Variable costing DM
5
DL
6
VMOH
1 12 unit product cost
Whitman Company Income Statement Sales (35,000x25)
875,000
VCOGS Beginning inventory (+)
0
Variable manufacturing cost(40,000x12)
480,000 480,000
(-)
Ending inventory(5,000x12)
6,000 420,000
(+)
V S/A(35,000x2)
70,000
CM
490,000 385,000
Fixed Expenses : F MOH F S/A NOI
160,000 210,000
370,000 15,000
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