Assign. Absorption vs. Variable

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Transcript of Assign. Absorption vs. Variable

Absorption vs. variable Costing1. Last year X Company had sales of 75,000 units and of 100,000 units. Other information for the year included:Direct manufacturing laborP187,500.00

Variable manufacturing overhead 100,000.00

Direct materials 150,000.00

Variable selling expenses 100,000.00

Fixed administrative expenses 100,000.00

Fixed manufacturing overhead 200,000.00

There was no beginning inventory.

Required:a. Compute the ending finished goods inventory under both absorption and variable costing.b. Compute the COGS under both absorption and variable costing.2. Sofia Company sells its products for P66.00 each. The current production level is 25,000 units, although only 20,000 units are anticipated to be sold.

Unit manufacturing costs are:Direct materialsP 12.00

Direct manufacturing labor 18.00

Variable manufacturing costs 9.00

Total manufacturing costs 180.00

Marketing expenses 6.00/unit plus P60,000/year

Required:Prepare Income Statement using:a. Absorption costing b. Variable costing


Key Terms and Concepts to Know - Harper College · 2020-03-04 · VARIABLE COSTING Key Terms and Concepts to Know Variable vs. Absorption Costing • Absorption Costing is required

Key Terms and Concepts to Know - Harper College · 2020-03-04 · VARIABLE COSTING Key Terms and Concepts to Know Variable vs. Absorption Costing • Absorption Costing is required

Overhead Application: Variable and Absorption Costing.

Overhead Application: Variable and Absorption Costing.

The implications of absorption cost accounting and ...assets.csom.Umn.edu/assets/50765.pdfSince most firms use absorption costing (as opposed to variable costing), such overproduction

The implications of absorption cost accounting and ...assets.csom.Umn.edu/assets/50765.pdfSince most firms use absorption costing (as opposed to variable costing), such overproduction

PRESENTATION ON VARIABLE AND ABSORPTION COSTING

PRESENTATION ON VARIABLE AND ABSORPTION COSTING

Unit 7 Marginal & Absorption Costing - hkedcity.netedblog.hkedcity.net/.../uploads/unit-7-marginal-absorption-costing.pdf · variable costs. Absorption costing is the basis of preparing

Unit 7 Marginal & Absorption Costing - hkedcity.netedblog.hkedcity.net/.../uploads/unit-7-marginal-absorption-costing.pdf · variable costs. Absorption costing is the basis of preparing

1 CHAPTER 7 VARIABLE COSTING: A DECISION-MAKING PROCESS Study Objectives Explain the difference between absorption costing and variable costing. Discuss.

1 CHAPTER 7 VARIABLE COSTING: A DECISION-MAKING PROCESS Study Objectives Explain the difference between absorption costing and variable costing. Discuss.

Variable & Absorption Costing

Variable & Absorption Costing

Guidance on Derivation of Dermal Absorption for … on Derivation of Dermal Absorption for PPP ... Study type Variable ... Liquids 6%; Solids 2%

Guidance on Derivation of Dermal Absorption for … on Derivation of Dermal Absorption for PPP ... Study type Variable ... Liquids 6%; Solids 2%

Managerial Accounting Absorption and Variable Costing 081712

Managerial Accounting Absorption and Variable Costing 081712

Absorption, Variable, And Throughput Costing

Absorption, Variable, And Throughput Costing

Absorption & Variable Costing

Absorption & Variable Costing

UNIT-2 Introduction to C++ - Studiestoday · 2018-11-23 · a = (b =3 , b +2 ); Would first assign the value 3 to b, and then assign b+2 to variable a. So, at the end, variable a

UNIT-2 Introduction to C++ - Studiestoday · 2018-11-23 · a = (b =3 , b +2 ); Would first assign the value 3 to b, and then assign b+2 to variable a. So, at the end, variable a

1. Overview of Absorption costing and Variable Costing · PDF fileAbsorption Costing - Overview 1. Overview of Absorption costing and Variable Costing 2. Review how costs for Manufacturing

1. Overview of Absorption costing and Variable Costing · PDF fileAbsorption Costing - Overview 1. Overview of Absorption costing and Variable Costing 2. Review how costs for Manufacturing

Chapter17 (Variable & Absorption Costing)

Chapter17 (Variable & Absorption Costing)

Introduction to Python and programming...•In Python assign a variable: “varname= expression” pi = 3.14 pi avogadro = 6 * 10 ** 23 avogadro 22 = x # Error! •Not all variable

Introduction to Python and programming...•In Python assign a variable: “varname= expression” pi = 3.14 pi avogadro = 6 * 10 ** 23 avogadro 22 = x # Error! •Not all variable

Objectives...MarginalCosting and Absorption Costing, Income Measurement under Marginal Costing and Absorption Costing 5 Decision making: Costs for decision making, variable costing

Objectives...MarginalCosting and Absorption Costing, Income Measurement under Marginal Costing and Absorption Costing 5 Decision making: Costs for decision making, variable costing

Variable and Absorption Costing

Variable and Absorption Costing

Week 2 ACCT312 Cost management systems - جامعة نزوى · PDF fileTherefore variable and absorption costing differ only in ... •Throughput costing (super-variable costing)

Week 2 ACCT312 Cost management systems - جامعة نزوى · PDF fileTherefore variable and absorption costing differ only in ... •Throughput costing (super-variable costing)

CIMA CERTIFICATE IN PERFORMANCE …secure.gslb.cimaglobal.com/Documents/Our locations docs/Russia and... · ... (or variable) throughput and absorption accounting ... and absorption

CIMA CERTIFICATE IN PERFORMANCE …secure.gslb.cimaglobal.com/Documents/Our locations docs/Russia and... · ... (or variable) throughput and absorption accounting ... and absorption

Part 1 Study Unit 2 Cost Allocation Techniques. Absorption versus Variable Costing You need to be able to answer the following: – Under absorption costing,

Part 1 Study Unit 2 Cost Allocation Techniques. Absorption versus Variable Costing You need to be able to answer the following: – Under absorption costing,