PREVIOUS LESSON

Income and Performance Evaluation

Income and Performance Evaluation
Income and Performance Evaluation
Product Costing Methods
Absorption Costing
Variable Costing
Features of Variable Costing
Features of Variable Costing
Pro-forma (and explanatory) Statements of Income
Pro-forma (and explanatory) Statements of Income
Problem 1 Production= Sales; No ending inventory
Problem 1 Production= Sales; No ending inventory
Problem 1 Production= Sales; No ending inventory
Problem 2 Production > Sales; No beginning inventory, ending inventory retained
Problem 2 Production > Sales; No beginning inventory, ending inventory retained
Problem 2 Production > Sales; No beginning inventory, ending inventory retained
Problem 2 Production > Sales; No beginning inventory, ending inventory retained