Throughput costing income statement
[DOC File]CHAPTER 13: INTRODUCTION TO PRODUCT COSTING
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a. Prepare a standard absorption costing income statement. b. Prepare a standard variable costing income statement. SOLUTION: a. Sales (21,000 x $50) $1,050,000. Cost of Goods Sold (21,000 x $40) $840,000. Variances: Variable Spending $20,000 Un. Fixed Spending 7,000 Un. Volume (15,000) F …
[DOCX File]CH 19: Absorption, Variable and Throughput Costing
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Prepare a variable costing contribution format income statement for each year. Reconcile the absorption costing and variable costing net operating income figures for each year. Author: Ehab Abdou Created Date: 02/28/2016 15:09:00 Title: CH 19: Absorption, Variable and Throughput Costing
[DOC File]Chapter 7
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The variable costing income statement is: Sales (8,000 units × $75 per unit) $600,000 Less variable expenses: Variable cost of goods sold: Beginning inventory $ 0 Add variable manufacturing costs (10,000 units × $30 per unit) 300,000 Goods available for sale 300,000 Less ending inventory (2,000 units × $30 per unit) 60,000 Variable cost of ...
[DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009
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Throughput costing $280,000. 160,000 40,000 $260,000. 260,000 260,000 $860,000. 960,000 1,060,000 Throughput costing puts greater emphasis on sales as the source of operating income than does absorption or variable costing. 3. Throughput costing puts a penalty on producing without a corresponding sale in the same period.
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If the $200 of ending direct materials costs were closed (flushed) to expense, then the throughput costing statement would show $11,200 for factory operating expenses and $7,690 for operating income.
[DOC File]Chp - CPA Diary
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When production quantity exceeds sales, throughput costing results in reporting lower operating income than variable costing. 24. Throughput costing provides more incentive to produce for inventory than does absorption costing. Answer: False Difficulty: 1 Objective: 5
[DOC File]9-16 Variable and absorption costing, explaining operating ...
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9-17 Throughput costing (continuation of 9-16). The variable manufacturing costs per unit of Nascar Motors are: Required. 1. Prepare income statements for Nascar Motors in April and May of 2006 under throughput costing. 2. Contrast the results in requirement …
[DOC File]9-16
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As a result, throughput costing provides less incentive to produce for inventory than either variable costing or absorption costing. 9-18 Variable and absorption costing, explaining income differences. 1. Key inputs for income statement computations are: January February March Beginning inventory. Production. Goods available for sale. Units sold
[DOC File]Select Solutions to Chapter 7
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Throughput-costing income statement: Sales revenue (9,600 units x $216) $2,073,600 Less: Cost of goods sold 345,600 Gross margin $1,728,000 Less: Operating costs: Direct labor $ 135,000 Variable manufacturing overhead 195,000 Fixed manufacturing overhead 660,000 Variable selling and administrative costs 230,400 Fixed selling and administrative ...
[DOC File]CHAPTER 2
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c. Throughput costing: Inventoriable costs under throughput costing: Direct material used $40,000 Total $40,000 Cost per unit produced = $40,000/10,000 units = $4.00 per unit Ending inventory: 1,000 units ( $4.00 per unit $4,000 2.54 (45 min) Internet search; throughput and variable costing
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