еВook Print Item Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $1,300,000 Variable cost of goods sold: Variable cost of goods manufectured $725,000 Inventory, March 31 (100,000) Total variable cost of goods sold (625,000) Manufacturing margin $675,000 Total variable selling and administrative expenses (155,000) Contribution margin $520,000 Fixed costs: Fixed manufacturing costs $330,600 Fixed selling and administrative expenses 105,000 Total fixed costs (435,600) $84,400 Operating income Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing Absorption costing

еВook Print Item Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $1,300,000 Variable cost of goods sold: Variable cost of goods manufectured $725,000 Inventory, March 31 (100,000) Total variable cost of goods sold (625,000) Manufacturing margin $675,000 Total variable selling and administrative expenses (155,000) Contribution margin $520,000 Fixed costs: Fixed manufacturing costs $330,600 Fixed selling and administrative expenses 105,000 Total fixed costs (435,600) $84,400 Operating income Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing Absorption costing

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 4CE: Refer to Cornerstone Exercise 18.3. Required: 1. Calculate the cost of each unit using variable...

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