COMM 305 Chapter Notes - Chapter 8: Income Statement, Gross Profit, Net Income

• School: Concordia University
• Department: Commerce
• Course: COMM 305
• Professor: Ibrahim Aly

Document Summary

Review 8-12 (a) manufacturing cost per unit absorption costing. Plus: cost of goods manufactured (12,000 ) Review 8-13 (a)(1) manufacturing cost per unit variable costing. Plus: fixed manufacturing overhead costs deferred in ending inventory (2,000 units ) Review 8-14 (a)(1) manufacturing cost per unit absorption costing. Fixed overhead (,000 13,500 units) (a)(2) fresh air products. Plus: cost of goods manufactured (12,000 ) ,000. Plus: volume variance [,000 (12,000 )] Operating income before tax (b) normal costing operating income. Review 8-15 (a)(1) manufacturing cost per unit throughput costing. Variable s & a expenses (10,000 ) Plus: costs deferred in ending inventory (2,000 ) *exercise 8-16 (a) manufacturing cost per unit variable costing. $ 896,000 (c) manufacturing cost per unit throughput costing. Per unit cost = ,500 + = ,800. Ending inventory = 1,500 produced 1,200 sold = 300 units. Costs deferred in ending inventory = 300 ,800 = ,000.