9-22

Variable Costing
Revenue
V COGS:
Beg Inv
Direct Materials
Direct Labor
V MOH
End Inv
Gross Margin
Variable Mktg Cost
Fixed Cost:
Manuf Cost
Admin Cost
Mktg Cost
Operating Income

9-23
Variable Costing
Revenue
V COGS
Beg Inv
V Manuf Cost
End Inv
Gross Margin
V Mktg
F Manuf Cost
F Mktg
Operating Income
Absorption Costing
Revenues
COGS
Beg Inv
V Manuf Cost
F Manuf Cost
End Inv
Gross Margin
V Mktg
F Mktg
Operating Income
9-28
Budgeted Production

8,100,000.00

$
$
700,000.00
$
600,000.00
$ 1,200,000.00
$ (250,000.00) $
$
$

2,250,000.00
5,850,000.00
810,000.00

$ 1,100,000.00
$
965,450.00
$ 1,366,400.00 $
$

3,431,850.00
1,608,150.00

$
$
$
$
$
$
$

700.00
(200.00) $
$
1,000.00
700.00
400.00 $
$

$
$
$
$
$
$
$

700.00
700.00
(400.00) $
$
1,000.00
400.00 $
$

2011
3,000.00

500.00
2,500.00

2,100.00
400.00
2011
3,000.00

1,000.00
2,000.00
1,400.00
600.00

600,000 V Manuf Cost/Unit

3.00

Beg Inv
Actual Production
Sales
End Inv
Variable Costing
Revenue
V COGS:
Beg Inv
V Manuf Cost
End Inv
Gross Margin
V Operating Cost
Contribution Margin
F Manuf Cost
F Operating Cost
Operating Income

Variable Costing
Revenue
V COGS:
Beg Inv
Direct Materials
Direct Labor
V MOH
End Inv
Gross Margin
Variable Mktg Cost
Fixed Cost:
Manuf Cost
Admin Cost
Operating Income

Variable Costing
Revenue
COGS
Gross Margin
Fixed FOH
Variable Sell Exp
Fixed Sell Exp
Variable Admin Exp
Fixed Admin Exp
Net Income

30,000
550,000
540,000
40,000

F Manuf Cost
SP
V Operating Cost/Unit
F Operating Cost

$
$
90,000.00
$ 1,650,000.00
$ (120,000.00) $
$
$
$
$
420,000.00
$
120,000.00 $
$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

525,000.00
375,000.00
150,000.00
(105,000.00) $
$
162,000.00

2,700,000.00

1,620,000.00
1,080,000.00
(540,000.00)
540,000.00
540,000.00
-

1,822,500.00

945,000.00
877,500.00

195,000.00
140,000.00 $
$

497,000.00
380,500.00

$
$
$

130,000.00
46,500.00
83,500.00

10,000.00
15,000.00
14,700.00
3,750.00
6,375.00 $
$

49,825.00
33,675.00

$
$
$

0.70
5.00
1.00

Absorption Costing
Revenue
COGS
Beg Inv
Direct Materials
Direct Labor
V MOH
F MOH
End Inv
Adjustment
Gross Margin
Operating Cost:
V Mktg Cost
F Admin Cost
F Mktg Cost
Operating Income

$ 8,100,000.00
$
$
700,000.00
$
600,000.00
$ 1,200,000.00
$
880,000.00
$ (338,000.00)
$
220,000.00 $ 3,262,000.00
$ 4,838,000.00
$
810,000.00
$
965,450.00
$ 1,366,400.00 $ 3,141,850.00
$ 1,696,150.00

$
$
$
$
$
$
$

200.00
500.00
(100.00) $
$
1,200.00
700.00
400.00 $
$

$
$
$
$
$
$
$

400.00
500.00
700.00
(240.00) $
$
1,200.00
400.00 $
$

2012
3,600.00

600.00
3,000.00

2,300.00
700.00
2012
3,600.00

1,360.00
2,240.00
1,600.00
640.00

420,000.00

120,000.00

Absorption Costing
Revenue
COGS:
Beg Inv
V Manuf Cost
F Manuf Cost
Adjustment
End Inv
Gross Margin
V Operating Cost
F Operating Cost
Operating Income

Absorption Costing
Revenue
COGS
Beg Inv
Direct Materials
Direct Labor
V MOH
F MOH
End Inv
Gross Margin
Operating Cost:
V Mktg Cost
F Admin Cost
Operating Income

Absorption Costing
Revenue
COGS
Gross Margin
Variable Sell Exp
Fixed Sell Exp
Variable Admin Exp
Fixed Admin Exp
Adjustment
Net Income

$ 2,700,000.00
$
111,000.00
$ 1,650,000.00
$
385,000.00
$
35,000.00
$ (148,000.00) $ 2,033,000.00
$
667,000.00
$
540,000.00
$
120,000.00 $
660,000.00
$
7,000.00

$ 1,822,500.00
$
$
$
$
$
$

$
$

$
$
$
$
$

525,000.00
375,000.00
150,000.00
195,000.00
(124,500.00) $ 1,120,500.00
$
702,000.00
162,000.00
140,000.00 $
$

302,000.00
400,000.00

$
$
$

130,000.00
56,000.00
74,000.00

15,000.00
14,700.00
3,750.00
6,375.00
120.00 $
$

39,945.00
34,055.00

20-23
Stage A
A1

A2

RIP Inventory Control

Accounts Payable

$ 2,754,000.00

Conversion Cost Control

Various Accounts

$ 2,754,000.00
723,600.00
$

723,600.00

Stage B
NO ENTRY
Stage C
C1

Stage D
D1

D2

Finished Goods Control

RIP Inventory Control
Conversion Cost Allocated

$ 3,484,000.00

Cost of Goods Sold

Finished Goods Control

$ 3,432,000.00

Conversion Cost Allocated

Conversion Cost Control
Cost of Goods Sold

RIP Inventory Control

Accounts Payable

Cost of Goods Sold

Wages Payable
MOH

Finished Goods
RIP Inventory Control

Cost of Goods Sold

Finished Goods

RIP Inventory Control

Finished Goods
Cost of Goods Sold

$
$

$ 2,733,600.00
$
750,400.00

$ 3,432,000.00
750,400.00
$
$

723,600.00
26,800.00

4,000.00

$
$

10,400.00
7,800.00

2,500.00

1,000.00

7,100.00

4,000.00

18,200.00

2,500.00

1,000.00

2,100.00
5,000.00

20-24
Stage A
A1

A2

Inventory Control
Accounts Payable

$ 2,754,000.00

Conversion Cost Control

Various Accounts

723,600.00

Stage B
NO ENTRY
Stage C
NO ENTRY
Stage D
D1

D2

Cost of Goods Sold

Inventory Control
Conversion Cost Allocated

$ 3,432,000.00

Conversion Cost Allocated

Conversion Cost Control
Cost of Goods Sold

739,200.00

20-25
Stage A
A1

NO ENTRY

$ 2,754,000.00
A2
$

723,600.00

Conversion Cost Control

Various Accounts

Stage B
NO ENTRY
Stage C
C1

$ 2,692,000.00
$
739,200.00

Stage D
D1

D2
$
$

723,600.00
15,600.00

Finished Goods Control

RIP Inventory Control
Conversion Cost Allocated
Cost of Goods Sold
Finished Goods Control
Conversion Cost Allocated
Conversion Cost Control
Cost of Goods Sold

723,600.00
$

723,600.00

$ 3,484,000.00
$ 2,733,600.00
$
750,400.00
$ 3,432,000.00
$ 3,432,000.00
$

750,400.00
$
$

723,600.00
26,800.00