Assume that at the end of the first month unit variable costs and fixed costs and selling price for the month were in line with the budget and any inventory was valued at the same unit cost as in the above budget. However, if production was actually 700 and sales 600; what would be the reported profit using absorption costing?
A、$9,000
B、$12,000
C、$14,000
D、$15,000
A、$9,000
B、$12,000
C、$14,000
D、$15,000
【参考答案及解析】
$000 Variable production cost of boats 45/750 x 700 42 Fixed production costs (absorbed) 30/750 x 700 28 Production costs of 700 boats 70 Closing inventory of 100 boats (10) Production cost of 600 sold 60 Under-absorbed overhead 30-28 2 Variable selling costs 5/500 x 600 6 Fixed selling costs 25 93 Profit 15 Sales revenue 90/500 x 600 108
$000 Variable production cost of boats 45/750 x 700 42 Fixed production costs (absorbed) 30/750 x 700 28 Production costs of 700 boats 70 Closing inventory of 100 boats (10) Production cost of 600 sold 60 Under-absorbed overhead 30-28 2 Variable selling costs 5/500 x 600 6 Fixed selling costs 25 93 Profit 15 Sales revenue 90/500 x 600 108