Student Name:
Class:
417,000$
11,250$
133,400$
75,000
208,400
219,650
11,361
208,289
208,711
12,000
50,000
62,000
146,711$
11,250$
133,400
144,650
6,900
137,750
279,250
12,000
267,250
75,000
50,000
125,000
OMEGA CORPORATION
For the Year Ended December 31, 2013
Cost of Goods Sold
Sales
142,250$
Selling and Administrative Expenses
Gross Profit
Cost of Goods Sold
OMEGA CORPORATION
Income Statement (Absorption Costing)
For the Year Ended December 31, 2013
Cost of Goods Manufactured
Fixed manufacturing costs
Variable manufacturing costs
Fixed Costs and Expenses
Marginal Income
Variable Selling and Administrative Costs
Manufacturing Margin
Cost of Goods Sold
Less: Ending inventory
Cost of Goods Available for Sale
Net Income
Total Fixed Costs and Expenses
Fixed selling and administrative costs
Fixed manufacturing expenses
Cost of Goods Available for sale
Net Income
Total Selling and Administrative Expenses
Fixed expenses
Variable expenses
Less: Ending inventory
Problem 30.01A
McGraw-Hill/Irwin
Instructor
Variable manufacturing costs
Beginning inventory
Beginning Inventory
Cost of Goods Sold
Sales
Units Amount
3,000 139$ /unit
2,900 46$ /unit
4$ /unit
75,000$
50,000$
250 45$ /unit
250 45$ /unit
200
Finished goods inventory, December 31, 2013
Finished goods inventory, January 1, 2013 (direct costing)
Finished goods inventory, January 1, 2013 (absorption costing)
Fixed selling and administrative expenses
Sales
Given Data P30.01A
Fixed manufacturing costs
Variable selling and administrative expenses
Variable manufacturing costs
Student Name:
Class:
525,000$
129,600$
118,800
54,000
302,400$
22,400
280,000
245,000
Total Fixed Costs and Expenses
Fixed Selling and Administrative Expenses
Fixed Factory Overhead
Variable Shipping and Administrative Costs
Manufacturing Margin
Overhead
Materials
Variable Manufacturing Costs
Sales
Variable Selling and Administrative Expenses
Fixed Costs and Expenses
Marginal Income on Sales
McGraw-Hill/Irwin
Instructor
Income Statement (Direct Costing)
For the Year Ended December 31, 2013
TECH, INC.
Problem 30.02A
Cost of Goods Sold
Less: Finished Goods
Cost of Goods Manufactured
Cost of Goods Sold
Sales
Total Cost of Goods Manufactured
Variable Factory Overhead
Direct Labor
Direct Materials
Manufacturing Margin
Units Amount
0
5,400
5,000
129,600$
118,800$
54,000$
56,000$
45,000$
75,000$
105$
Units Amount
400 75$ /unit
8$ /unit
2$ /unit
Variable selling and administrative expenses @ $9 per unit
Fixed selling and administrative expenses
Fixed factory overhead
Variable factory overhead @ $10 per unit
Foreign sale opportunity
Foreign Sale Data
Selling price per unit
administrative costs incurred for this sale
There are no other fixed or variable selling and
Miscellaneous administrative expenses
Shipping costs
Direct labor @ $22 per unit
Direct materials @ $24 per unit
Quantities
Given Data P30.02A
Costs
Units sold during the year
Units produced during the year
Beginning inventories, finished goods
TECH, INC.
Operating Data for 2013