| Ch.6 Homework #2 | | | | | | | ACC220/HCT |
| | | | | Period 1 | Period 2 |
| | | | Qty. produced | 12,000 | 11,000 | | Use Beg + additions - ending = CoGS |
| | | | Qty. Sold | 11,000 | 12,000 | | OR |
| | | | Sell price each | $ 40 | $ 40 | | use costs per unit |
| | | | Variable cost each | $ 15 | $ 15 | | Both examples in PPT |
| | | | Variable selling expense each | $ 2 | $ 2 |
| | | | Fixed manufacturing overhead | $ 130,000 | $ 130,000 | | Production into FG [ ignore WIP] |
| | | | Fixed Selling & Admin Expense | $ 80,000 | $ 80,000 |
| | | | Beginning inventory | 0 | compute |
| | | | Ending inventory | compute | 0 |
| A | Produce for period 1 variable format income statement |
| B | Produce for period 1 FAC format income statement |
| C | Produce for period 2 variable format income statement |
| D | Produce for period 2 FAC format income statement |
| E | Using PPT format-Produce segment income statement showing both segments & total company - data below |
| | Company has two segments |
| | | | Segment A |
| | | | Sales | $ 500,000 |
| | | | Variable cost of sales | $ 220,000 |
| | | | Variable Sales & admin Expense | $ 40,000 |
| | | | Fixed Sales & admin Expense | $ 60,000 |
| | | | Fixed Manufacturing costs of sales | $ 100,000 |
| | | | Segment B |
| | | | Sales | $ 700,000 |
| | | | Variable cost of sales | $ 330,000 |
| | | | Variable Sales & admin Expense | $ 55,000 |
| | | | Fixed Sales & admin Expense | $ 90,000 |
| | | | Fixed Manufacturing costs of sales | $ 110,000 |
| | | | Expense Common to the entire company | $ 77,000 |
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81554_1391849_Ch6HW---NOEXCEL.xlsx
