ACC220 2 0 3 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 S 40 use costs per unit Variable cost each $ 15 $ 15 Both examples in PPT Variable selling expense each $ 2 $ Fixed manufacturing overhead $ 130,000 $ 130,000 No Production into FG [ignore WIP 10 Fixed Selling & Admin Expense $ 80,000 $ 80,000 common Fxd 11 Beginning inventory 0 compute 12 Ending inventory compute 13 A Produced for period 1 variable format income statement 14 B Produced for period 1 FAC format income statement 15 C Produced for period 2 variable format income statement 16 D Produced for period 2 FAC format income statement 17 Using PPT format-Produce segment income statement showing both segments & total company - data below 18 Company has two segments 19 Segment A 20 Sales $ 500,000 21 Variable cost of sales $ 220,000 22 Variable Sales & admin Expense $ 40,000 23 Fixed Sales & admin Expense $ 60,000 A Only 24 Fixed Manufacturing costs of sales $ 100,000 A Only 25 26 Segment B 27 Sales S 700,000 28 Variable cost of sales $ 330,000 29 Variable Sales & admin Expense $ 55,000 Have common Fxd 30 Fixed Sales & admin Expense $ 90,000 B Only 31 Fixed Manufacturing costs of sales $ 110,000 B Only 32 33 Expense Common to the entire company $ 77,000 34 35