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Compute the Absorption Costina Unit Pmannet rant

1 3 4 5 6 7 8 9 10 Chapter 7: Applying Excel Data Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per yea 11 Selling and administrative expenses: 12 Variable per unit sold 13 Fixed per year 14 15 16 Units in beginning inventory 17 Units produced during the year 18 Units sold during the year 19 S50 SII $6 S120.ooo $70.000 Year I Yea/i 10.000 6.000 8,000 8.000 20 Entera formula into each of the cells marked with a below 21 Review Problem 1: Contrasting Variable and Absorption costing 23 Compute the Ending Inventory 25 Units in beginning inventory 26 Units produced during the year 27 Units sold during the year 28 Units _in ending inventory Year 1 Year 2 30 Compute the Absorption Costing Unit Product Cost 31 32 Direct materials 33 Direct labor 34 Variable manufacturing overhead 35 Fixed manufacturing overhead 36 Absorption costing unit product cost 37 Year I Year 2 38 Construct the Absorption Costing Income Statement 39 40 Sales 41 Cost of goods sold 42 Gross margin 43 Selling and administrative expenses 44 Net operating income 45 Year 1 Year 2 46 Compute the Variable Costing Unit Product Cost 47 48 Direct materials 49 Direct labor 50 Variable manufacturing overhead 51 Variable costing unit product cost Year 2 Year 1 52 53 Construct the Variable Costing Income Statement 54 7 Year 1 1001s for Management Year 2 55 56 57 58 59 60 61 62 Sales Variable expenses: Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expenses