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  • Book 6 A

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    Cece Castro
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    This document shows a standard costing report comparing actual and standard costs for variable manufacturing costs including direct materials, direct labor, variable overhead, and fixed overhead applied using variable absorption costing. It reports variances for direct materials, direct labor, variable overhead, and fixed overhead along with actual and standard production, sales, costs of goods sold, profit, expenses and net income.

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    Book6a

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    This document shows a standard costing report comparing actual and standard costs for variable manufacturing costs including direct materials, direct labor, variable overhead, and fixed overhead applied using variable absorption costing. It reports variances for direct materials, direct labor, variable overhead, and fixed overhead along with actual and standard production, sales, costs of goods sold, profit, expenses and net income.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    5 views1 page

    Book 6 A

    Uploaded by

    Cece Castro
    This document shows a standard costing report comparing actual and standard costs for variable manufacturing costs including direct materials, direct labor, variable overhead, and fixed overhead applied using variable absorption costing. It reports variances for direct materials, direct labor, variable overhead, and fixed overhead along with actual and standard production, sales, costs of goods sold, profit, expenses and net income.

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    © All Rights Reserved
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    of 1

    STANDARD COSTING

    Variable C AbsorptionACTUAL DATA


    Sales ### ### PRODUCED6,000.00
    COGS DM ###
    Variable ### ### DL ###
    Fixed O - ### VOH ###
    SD COGS FOH ###
    F SELLING 4,000.00
    Over/Under applied/Variances V SELLING 5,000.00
    DM 8,000.00 8,000.00 PRODUCTI 6,000.00
    DL ### ### SOLD 5,000.00 SP 30.00
    VOH ### ### END INV -
    FOH 1,000.00
    Actual CO ### ###
    Profit bef ### ### VARIABLEABSORPTION
    Expenses PRODUCTI ### ###
    Variab 5,000.00 5,000.00 UNITS 6,000.00 6,000.00
    Fixed 4,000.00 4,000.00 PROD UNI 12.50 14.67
    FOH ###
    Total expe ### 9,000.00 STANDARDPER UNIT
    Net Incom ### ### DM 2.00
    Ending inv - - DL 5.00
    VOH 3.00
    FOH BUDGETED ###
    NORMAL CAPACITY 5,000.00
    FOH/UNIT 2.00 PER UNIT

    DM DL VOH FOH
    ACTUAL ### ### ### ###
    STANDARD ### ### ### ###
    VARIANCE 8,000.00 ### ### 1,000.00
    UF UF F UF

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