BUS-A 202 Study Guide - Final Guide: A202 Road, Fixed Cost, Income Statement
Document Summary
Materials: beginning balance, + dm purchased, - dm used, ending balance. Process: beginning balance, + dm used, + direct labor, +mfg overhead, - cost of goods mfd, ending balance. Goods: beginning balance, + cost of goods mfd, - cost of goods sold, ending balance, chapter 3. Gaap income statement: revenue, - product costs (cost of goods sold, gross margin, - period costs (selling, general & admin costs, profit before tax. Contribution margin income statement: revenue, - variable costs, contribution margin, - fixed costs, profit before tax. Difference between mb & actual on the pbt line. Difference between mb & fb on the pbt line. Difference between fb & actual on the rev line. Difference between fb & actual on the fc line. Allowed: actual # of units sold, x bp (cid:498)as if(cid:499) budget, actual # of units sold, x bp using actual parameters. Actual: actual # of units sold, x ap using actual parameters.
