Chapter 21 Exercises Variable Costing. In-Class Exercises: Exercise No. Page E21-13 1299 Absorption...
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Transcript of Chapter 21 Exercises Variable Costing. In-Class Exercises: Exercise No. Page E21-13 1299 Absorption...
Chapter 21
Exercises
Variable Costing
In-Class Exercises:
Exercise No. Page
E21-13 1299 Absorption Costing Operating Income
In-Class Exercises:
Exercise No. Page
E21-13 1299 Absorption Costing Operating Income
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
Exercise E21-13:
Decker, Inc. has collected the following data for November (there are no beginning inventories):
Units produced and sold…………………….. 450 units
Sales price………………………………………$ 275 per unit Direct materials………………………………… 52 per unitDirect labor……………………………………… 64 per unitVariable manufacturing overhead………...... 18 per unitFixed manufacturing overhead……………… 7,875 per monthVariable selling and administrative costs…. 25 per unitFixed selling and administrative costs…….. 4,950 per month
Requirements:(1) Using absorption costing, calculate the unit product cost.(2) Prepare an income statement using the traditional format.
Exercise E21-13:
Decker, Inc. has collected the following data for November (there are no beginning inventories):
Units produced and sold…………………….. 450 units
Sales price………………………………………$ 275 per unit Direct materials………………………………… 52 per unitDirect labor……………………………………… 64 per unitVariable manufacturing overhead………...... 18 per unitFixed manufacturing overhead……………… 7,875 per monthVariable selling and administrative costs…. 25 per unitFixed selling and administrative costs…….. 4,950 per month
Requirements:(1) Using absorption costing, calculate the unit product cost.(2) Prepare an income statement using the traditional format.
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
End of ExerciseEnd of Exercise
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
In-Class Exercises:
Exercise No. Page
E21-14 1299 Variable Costing Operating Income
In-Class Exercises:
Exercise No. Page
E21-14 1299 Variable Costing Operating Income
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
Exercise E21-14:
Decker, Inc. has collected the following data for November (there are no beginning inventories):
Units produced and sold…………………….. 450 units
Sales price………………………………………$ 275 per unit Direct materials………………………………… 52 per unitDirect labor……………………………………… 64 per unitVariable manufacturing overhead………...... 18 per unitFixed manufacturing overhead……………… 7,875 per monthVariable selling and administrative costs…. 25 per unitFixed selling and administrative costs…….. 4,950 per month
Requirements:(1) Using variable costing, calculate the unit product cost.(2) Prepare an income statement using the contribution margin format.
Exercise E21-14:
Decker, Inc. has collected the following data for November (there are no beginning inventories):
Units produced and sold…………………….. 450 units
Sales price………………………………………$ 275 per unit Direct materials………………………………… 52 per unitDirect labor……………………………………… 64 per unitVariable manufacturing overhead………...... 18 per unitFixed manufacturing overhead……………… 7,875 per monthVariable selling and administrative costs…. 25 per unitFixed selling and administrative costs…….. 4,950 per month
Requirements:(1) Using variable costing, calculate the unit product cost.(2) Prepare an income statement using the contribution margin format.
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
End of ExerciseEnd of Exercise
Variable and Absorption CostingVariable and Absorption CostingVariable and Absorption CostingVariable and Absorption Costing
