Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the
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Question:
Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 | ||||
Sales | $1,476,000 | |||
Variable cost of goods sold: | ||||
Variable cost of goods manufactured | $827,400 | |||
Inventory, March 31 | (118,200) | |||
Total variable cost of goods sold | (709,200) | |||
Manufacturing margin | $766,800 | |||
Total variable selling and administrative expenses | (176,400) | |||
Contribution margin | $590,400 | |||
Fixed costs: | ||||
Fixed manufacturing costs | $378,000 | |||
Fixed selling and administrative expenses | 118,800 | |||
Total fixed costs | (496,800) | |||
Operating income | $93,600 |
Variable costing | $fill in the blank 1 |
Absorption costing | $fill in the blank 2 |
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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