- Content C G Google Bb Athens Bb Chapter 21 Test 1 Cengagenowv2 Online Teach X Onedrive Notifications Notifica 1 (203.35 KiB) Viewed 35 times
CengageNOWv2 | Online teach x + "OneDrive" Notifications Notifications may include alerts, sounds, and icon badges. v2.cengagenow.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false User Login ► YouTube M Gmail K TechSmith Know.... M Connect McGraw... Mail Outlook Fixed selling and administrative expenses 14,100 Variable selling and administrative expenses 17,000 (? The company is evaluating a proposal to manufacture 15,200 units instead of 13,600 units, thus creating an ending inventory of 1,600 units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total selling and administrative expenses. a. 1. Prepare an estimated income statement, comparing operating results if 13,600 and 15,200 units are manufactured in the absorption costing format. If an amount box does not require an entry leave it blank. Marshall Inc. Absorption Costing Income Statement For the Month Ending October 31 13,600 Units Manufactured 15,200 Units Manufactured Sales Cost of goods sold: Cost of goods manufactured Inventory, October 31 Total cost of goods sold Gross profit $ Selling and administrative expenses Operating income a. 2. Prepare an estimated income statement, comparing operating results if 13,600 and 15,200 units are manufactured in the variable costing format. If an amount box does not require an entry leave it blank. Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 13,600 Units Manufactured 15,200 Units Manufactured Previous Next Email Instructor Submit Test for Grading Content ← → C G Google Bb Athens BB Chapter 21 Test 1. 2. 3. 4. 5. 6. 7. 8. Progress: 2/8 items Time Remaining: 2:23:13 < All work saved.
Content ← → C G Google Bb Athens BB Chapter 21 Test 1. CengageNOWv2 | Online teach x + v2.cengagenow.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false Mail Outlook User Login YouTube M Gmail K TechSmith Know.... M Connect McGraw... 2. 3. 4. 5. 6. 7. 8. Progress: 2/8 items Time Remaining: 2:23:02 < "OneDrive" Notifications Notifications may include alerts, sounds, and icon badges. a. 2. Prepare an estimated income statement, comparing operating results if 13,600 and 15,200 units are manufactured in the variable costing format. If an amount box does not require an entry leave it blank. (?) Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 13,600 Units Manufactured 15,200 Units Manufactured Sales Variable cost of goods sold: Variable cost of goods manufactured Inventory, October 31 ▼ Total variable cost of goods sold $ Manufacturing margin $ Variable selling and administrative expenses Contribution margin Fixed costs: Fixed factory overhead Fixed selling and administrative expenses Total fixed costs Operating income b. What is the reason for the difference in operating income reported for the two levels of production by the absorption costing income statement? The increase in income from operations under absorption costing is caused by the allocation of overhead cost over a The difference can also be explained by the amount of of units. Thus, the cost of goods sold is inventory All work saved. 10000 00000000000 number overhead cost included in the Previous Next > Submit Test for Grading Email Instructor