Review Homework- Google Chrome Secure https/ ACCT 202 Intro to Managerial Acctg

Question

Review Homework- Google Chrome Secure https/ ACCT 202 Intro to Managerial Acctg Spring 2018 Homeworkaspx?homeworkld 4629968208iquestionld 1&cflushed-false;&cd; 48157 Review Homework: Chapter 6 core: 4 of 4 pts of 6 v E640A (book/static) The annual data that follow pertain to Aqua Goggles, a manufacturer of swimming goggles (the company had no beginning inventony): EEB Click the icon to vievw the data.) Requirements 1. Prepare both conventional (absorption costing) and contribution margin(va Data Table 2. Which statement shows the higher operating income? Why? 3. The company marketing vice president belleves a new sales promotion that Aqua G0ggies Income Statement (Absorption Costing) For the Year Ended December 31 Sales price 45 20 Sales revenue Less: Cost of goods sold Gross profit Less. Operating expenses Operating income Now let's prepare the contribution margin (variable costing) income statement f 8,910.000 5,742.000 Sales commission expense per unit Fixed manufacturing overhead Fixed operating expenses Number of goggles produced Number of goggles sod S 1.980.000 S 250,000 220,000 198,000 3,168,000 S 1.532.000 Print Done Aqua Goggles Contribution Margin (Variable Costing) Income Statement Question is complete. All parts showing O Type here to search Cono and gesnes Pentium indows 7 F2 F3 F4 F5 F6 F7 F8 F9 F10 F F12

Explanation / Answer

Fixed manufacturing overhead cost per unit produced = Fixed manufacturing overhead / Number of units produced

= 1,980,000 / 220,000

= 9 per unit

Cost of goods sold

Beginning Inventory 0 Variable manufacturing costs (20 * 220,000) 4,400,000 Fixed manufacturing costs (9 * 220,000) 1,980,000 Cost of goods available for sale 6,380,000 Ending inventory (20+9) * (220,000-198,000) 638,000 Cost of goods sold 5,742,000

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