1. a. Direct materials ... $ 3.50
Direct labor ... 12.00
Variable manufacturing overhead ... 1.00
Fixed manufacturing overhead
($300,000 ÷ 30,000 units) ... 10.00
Unit product cost ... $26.50
b. Sales (28,000 units) ... $1,120,000
Less cost of goods sold:
Beginning inventory... $ 0
(30,000 units × $26.50 per unit)... 795,000
Add cost of goods manufactured
Goods available for sale ... 795,000
Less ending inventory
(2,000 units × $26.50 per unit)... 53,000 742,000
Gross margin... 378,000
Less selling and administrative expenses*.... 368,000
Net operating income ... $ 10,000
*$168,000 variable + $200,000 fixed = $368,000.
c. Variable costing net loss ... $(10,000)
Add: Fixed manufacturing overhead cost deferred in
inventory under absorption costing
(2,000 units × $10 per unit)... 20,000
Absorption costing net operating income... $ 10,000
© The McGraw-Hill Companies, Inc., 2006. All rights reserved.
Solutions Manual, Chapter 7 367
Problem 7-12 (continued)
Bạn đang xem 1. - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH07 VARIBLE COSSTING TOOL FOR MANAGEMENT
