1 Cost Classifications: Product/ 2 Account Amount Period Manufacturing/ Nonmanufacturing Variable Fixed/ 3 Equipment depreciation: Molding 4 Equipment depreciation: Fabrication $ 400,000 Product MOH Fixed $ 300,000 Product MOH Fixed 5 Equipment depreciation: Assembly $ 50,000 Product MOH Fixed 6 Equipment depreciation: Materials Handling $ 15,000 Product MOH Fixed 7 Equipment depreciation: Other $ 10,000 Product MOH Fixed 8 Production suprvision: Molding $ 60,000 Product MOH Fixed 9 Production supervision: Fabrication $ 65,000 Product MOH Fixed 10 Production supervision: Assembly $ 58,000 Product MOH Fixed 11 Indirect labor: Maintenance & Repairs $ 72,000 Product MOH Fixed 2 Indirect labor: Materials Handling $ 68,000 Product MOH Fixed 13 Indirect labor: Engineering $ 170,000 Product MOH Fixed 14 Indirect labor: Raw Materials Purchasing $ 93,000 Product MOH Fixed 15 Indirect labor: Quality Control $ 38,000 Product MOH Fixed 16 Indirect labor: Packaging & Shipping $ 99,000 Product MOH Fixed 17 Indirect materials: Molding $ 18,000 Product MOH Variable 18 Indirect materials: Fabrication $ 13,000 Product MOH Variable 9 Indirect materials: Assembly $ 8,000 Product MOH Variable 20 Utilities: Molding $ 24,000 Product MOH Variable 21 Utilities: Fabrication $ 20,000 Product MOH Variable 22 Utilities: Assembly $ 6,000 Product MOH Variable 23 Utilties: Plant lighting and other equipment $ 12,000 Product MOH Fixed 24 Utilities: Heating and cooling $ 24,000 Product MOH Fixed 25 Property insurance $ 26,000 Product MOH Fixed 26 Liability insurance 27 Medical insurance 28 Workers' compensation insurance 29 Other salaries: Plant manager 30 Other salaries: Accounting 31 Other salaries: Administrative support 32 Other salaries: Janitorial 33 Other salaries: Security and grounds maintenance 34 Property taxes 35 Payroll taxes: Direct labor 36 Payroll taxes: Other 37 Direct materials ssssssssssses $ 18,000 Product MOH Fixed $ 45,000 Product MOH Fixed $ 13,000 Product MOH Fixed $ 165,000 Product MOH Fixed $ 89,000 Product MOH Fixed $ 56,000 Product MOH Fixed $ 48,000 Product MOH Fixed $ 44,000 Product MOH Fixed $ 18,000 Product MOH Fixed $ 79,000 Product MOH Variable $ 165,000 Product MOH Fixed $ 2,220,000 Product Direct materials Variable 38 Direct labor 39 Accounting manager's salary 40 Administrative office insurance 41 Advertising 42 Depreciation on office equipment 43 Heat & electricity for the general office 44 Janitorial services for administrative offices 45 Salaries of accounts receivable/payable clerks 46 Sales commissions 47 Sales manager's salary 48 Supplies for administrative office 49 Customer billing supplies SSSSsssssssss $ 1,365,000 Product Direct labor Variable $ 88,000 Period Administrative Fixed $ 2,000 Period Administrative Fixed $ 400,000 Period Selling Fixed $ 15,000 Period Administrative Fixed $ 4,000 Period Administrative Fixed $ 26,000 Period Administrative Fixed $ 78,000 Period Administrative Fixed $ 480,000 Period Selling Variable $ 120,000 Period Selling Fixed $ 1,000 Period Administrative Fixed $ 2,000 Period Administrative Variable A 1 Crispin Company B Traditional Format Income Statement 2 3 m4 4 Sales 5 Cost of goods sold 6 Gross margin 7 Selling and administrative expenses: 8 Selling 9 Administrative 10 Net operating income 11 12 13 14 15 Sales C D E F G $ 8,000,000 is $ 8,000,000 $ $ 8,000,000 Crispin Company Contribution Format Income Statement 16 Variable expenses: 17 Cost of goods sold 18 Variable selling 19 Variable administrative 20 Contribution margin 21 Fixed expenses: 22 Fixed manufacturnig overhead 23 Fixed selling 24 Fixed administrative 25 Net operating income $ 8,000,000 $ $ 8,000,000 8,000,000 26 27 28 29 Fill In Auto-Calc Charts Sumik Pivot Table A Pivot Table B,C,D Cost Summary Income Statements