Sales Variable cost of goods sold: Variable cost of goods manufactured Inventory, July 31 ✔ Total variable cost of goods sold ✔ Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs ✓ Fixed selling and administrative expenses Total fixed costs ✔ 0 X 0 X 288,000 96,000 ✓ 2,150,000 1,280,000 870,000 204,000 666,000 384,000
Sales Variable cost of goods sold: Variable cost of goods manufactured Inventory, July 31 ✔ Total variable cost of goods sold ✔ Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs ✓ Fixed selling and administrative expenses Total fixed costs ✔ 0 X 0 X 288,000 96,000 ✓ 2,150,000 1,280,000 870,000 204,000 666,000 384,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 1PB: Absorption and variable costing income statements During the first month of operations ended July...
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