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  • 7-6 & 7-9

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    acik89
    13 views2 pages
    Net income 3990 000 0 3700 000 3700 000 185 000 3515 000 475 000 - 7-9 sales (35000 x 25) 875 000 v.expenses: v.cost of goods sold beginning inventory v.selling and administrative expenses ( 40 000 x 12) Less ending inventory (5000 x 4) 490 000 Gross margin 385 000 fixed manufacturing 160 000 fixed selling and administrative 210 000 15 000 v.costing net income fixed manufacturing ohd (

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    Net income 3990 000 0 3700 000 3700 000 185 000 3515 000 475 000 - 7-9 sales (35000 x 25) 875 000 v.expenses: v.cost of goods sold beginning inventory v.selling and administrative expenses ( 40 000 x 12) Less ending inventory (5000 x 4) 490 000 Gross margin 385 000 fixed manufacturing 160 000 fixed selling and administrative 210 000 15 000 v.costing net income fixed manufacturing ohd (

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views2 pages

    7-6 & 7-9

    Uploaded by

    acik89
    Net income 3990 000 0 3700 000 3700 000 185 000 3515 000 475 000 - 7-9 sales (35000 x 25) 875 000 v.expenses: v.cost of goods sold beginning inventory v.selling and administrative expenses ( 40 000 x 12) Less ending inventory (5000 x 4) 490 000 Gross margin 385 000 fixed manufacturing 160 000 fixed selling and administrative 210 000 15 000 v.costing net income fixed manufacturing ohd (

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    7-6

    The unit product cost:

    Direct material 50
    Direct labour 80 700 000
    v.manufacturing ohd 20 20 000
    150
    Fix 35 = 35
    185

    Absoption costing

    Sales (19000 x 210) 3990 000


    Beginning inventory 0
    v.manufacturing ohd (20000 x 185) 3700 000
    G. available for sale 3700 000
    Ending inventory (1000 x 185) 185 000
    Cost of goods sold 3515 000
    Groos margin 475 000
    Selling & administrative expenses
    ( 19000 x 10 + 285 000) 475 000
    Net income -

    7-9

    Sales (35000 x 25)


    875 000
    v.expenses:
    v.cost of goods sold
    beginning inventory 0
    v. selling & administrative expenses
    ( 40 000 x 12) 480 000
    Goods avaible for sales 480 000
    Less ending inventory (5000 x 12) 60 000
    420 000
    v. selling & administrative (35000 x 2) 70 000

    490 000
    Gross margin
    385 000
    Fixed manufacturing
    160 000
    Fixed selling & administrative
    210 000
    15 000
    v. costing net income 15 000
    fixed manufacturing ohd (5000 x 4) 20 000
    absorpting costing net operating income 15 000

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