CourseLover

(12)

$10/per page/Negotiable

About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 283 Weeks Ago, 6 Days Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 20 Dec 2017 My Price 10.00

Calculate the cost of goods sold under variable costing.

4. During the most recent year, Osterman Company had the following data:

Units in beginning inventory  ---
Units produced 10,000
Units sold ($47 per unit) 9,300
Variable costs per unit:
  Direct materials $9
  Direct labor $6
  Variable overhead $4
Fixed costs:
  Fixed overhead per unit produced $5
  Fixed selling and administrative expenses $138,000
Required:
1. Calculate the cost of goods sold under variable costing.
2. Prepare an income statement using variable costing.

 

Labels and Amount Descriptions Refer to the list below for the exact wording of a label or an amount description within your income statement.

Labels
Add: Fixed expenses
Less: Fixed expenses
Amount Descriptions
Contribution margin
Cost of goods sold
Fixed overhead
Fixed selling and administrative expenses
Gross margin
Operating income
Operating loss
Sales
Variable costs

 

COGS and Income Statement

1. Calculate the cost of goods sold under variable costing. The cost of goods sold under the variable costing method is. 2. Prepare an income statement using variable costing. Refer to the list of Labels and Amount Descriptions for the exact wording of text items within your income statement.

Osterman Company
Variable-Costing Income Statement
For the Most Recent Year
1      
2      
3      
4      
5      
6      
7    

 

       
       
       
       
       
       
     

 

Answers

CourseLover
(12)
Status NEW Posted 20 Dec 2017 06:12 AM My Price 10.00

-----------  ----------- H-----------ell-----------o S-----------ir/-----------Mad-----------am ----------- Th-----------ank----------- yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------ns.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------

Not Rated(0)