Paste Merge L12 x fx D E F G $50 B 3 Data 4 Seling price per unk 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials $11 8 Direct labor S6 9 Variable manufacturing overhead $3 10 Fbced manufacturing overhead per year $120,000 11 Selling and administrative expenses: 12 Variable per unit sold $4 13 Fixed per year $70,000 14 15 Year 1 Year 2 16 Units in beginning inventory 0 17 Units produced during the year 10,000 6,000 18 Units sold during the year 8,000 8,000 19 20 Enter a formule into each of the cells marked with a ? below 21 Review Problem 1: Contrasting Variable and Absorption Costing 22 23 Computo the Ending Inventory 24 Year 1 Year 2 25 Units in beginning inventory 0 ? 26 Units produced during the year 2 2 27 Units sold during the year 7 28 Unitsin ending inventory 2 ? 29 30 Computo the Absorption Costing Unit Product Cost 31 Year 1 Year 2 32 Direct materials ? ? 33 Direct labor ? ? 34 Variable manufacturing overhead ? ? 35 Faced manufacturing overhead ? 36 Absorption costing unit product cost ? 2 37 38 Construct the Absorption Costing Income Statement 39 Year 1 Year 2 40 Sales ? ? 41 Cost of goods sold ? 2 42 Gross margin 2 ? 43 Soling and administrative expenses ? ? 44 Net operating income 2 ? 45 46 Compute the Variable Costing Unit Product Cost 42 Year 1 Year 2 48 Direct materials 2 ? 49 Direct labor ? 50 Varable manufacturing overhead 2 2 51 Variable costing unt product cost 2 52 Chapter 6 Form + 22 23 Compute the Ending Inventory 24 Year 1 Year 2 25 Units in beginning inventory 0 ? 26 Units produced during the year ? ? 27 Units sold during the year ? 2 28 Unitsin ending inventory 2 ? 29 30 Compute the Absorption Costing Unit Product Cost 31 Year 1 Year 2 32 Direct materials ? ? 33 Direct labor ? ? 34 Variable manufacturing overhead 2 2 35 Fbed manufacturing overhead ? ? 36 Absorption costing unit product cost ? 2 37 38 Construct the Absorption Costing Income Statement 39 Year 1 Year 2 40 Sales ? ? 41 Cost of goods sold ? ? 42 Gross margin ? ? 43 Seling and administrative expenses ? ? 44 Net operating income ? ? 45 46 Compute the Variable Costing Unit Product Cost 47 Year 1 Year 2 48 Direct materials ? 49 Direct labor 2 ? 50 Variable manufacturing overhead ? 2 51 Variable costing unit product cost ? 7 52 53 Construct the Variable Costing Income Statement 54 Year 1 55 Sales 56 Variable expenses 57 Varable cost of goods sold 58 Variable selling and administrative expenses ? 59 Contrbution margin 60 Fixed expenses 61 Foxed manufacturing overhead ? 62 Fixed selling and administrative expenses 63 Net operating income Year 2 ? 7 ? ? ? 65 66 67 68 69 70 Chapter 6 Form +
