Key Figures - HMS

CHAPTER 2 2.33 2.38 2.39 2.40 2.41 2.42 2.44 2.45

4E

Cost of goods sold, $1,239,000 Operating profit, $221,000 Cost of goods sold, $3,060,000 Operating profit, $340,000 a. c. Cost of raw material purchased, $1,770,000 Cost of goods manufactured, $6,004,000

Cost of goods sold, $283,200 Operating profit, $18,300 Cost of goods sold, $62,550 Operating profit, $10,250 Total costs for 1,400 units, $431,040 b. a. c. d. Contribution margin, $926,000 Standard cost per unit under absorption costing, $12 Cost of goods sold under absorption costing, $1,500,000 Difference in reported income, $50,000 Unit cost under variable costing, $4.80 Unit cost under absorption costing, $7.20

2.46 2.47 2.48 2.49 2.50 2.51 2.52 2.53

b. e.

3 (b) Difference in reported income, $330,000 Operating income in month 1, $4,000 Operating income in month 2, $6,400 Operating income in month 1, $4,000 a. b. b. a. Operating profit, $504,800 Operating profit, $462,800 Total inventoriable costs, $520,000 Ending inventory, $7,200

c. 2.55 b. d. f. 2.56 a. b. 2.57 2.58 2.62 2.63 2.64 2.65 2.66 2.67 2.68 2.69 2.70 a. b.

Ending inventory, $4,000 Ending finished-goods inventory, $173,400 Ending material inventory, $59,200 Cost of goods sold, $1,485,300 Difference in operating profit (status quo versus rent equipment), $850,000 Difference in operating profit (status quo versus rent equipment), $116,500 Cost of goods manufactured, $610,000 Cost of goods sold, $580,000

20x2 forecast for direct material, $3,480,000 Cost of goods sold, $490,850 a. g. b. g. b. e. a. b. a. a. b. a. c. Beginning material inventory, $2,800 Manufacturing overhead, $117,300 Unit variable cost, $85 Unit contribution margin, $90 Conversion cost, $34,000 Cost of goods sold, $53,500 Year 1 operating profit, $170,000 Year 2 operating profit, $95,000 Contribution margin, $208,480 Operating profit: variable costing, $183,000 Absorption cost per unit, $4.10 Value of ending inventory, $1,200,000 Budgeted fixed manufacturing overhead per unit, $5

Cost per case: option 4, $46

2.72

Operating income in year 2: variable costing, $2,950,000 Operating income in year 2: absorption costing, $3,185,000

2.73

a. c. e.

Total absorption cost per unit, $7.20 Operating income: variable costing, $368,000 Ending inventory: absorption costing, $144,000 Total cost, $644,800 Year-end inventory: absorption costing, $18,000 Year-end inventory: variable costing, $9,200 Year-end inventory: throughput costing, $4,800

2.74

a. b.

d. 2.75 2.76 2.77 a.

Net income: throughput costing, $128,000 Total store cost of goods sold, $11,345,076 Total store average inventory, $2,685,875

Operating loss each year under variable costing, $(18,000,000) a. b. c. Cost per dress: absorption costing, $30 Operating profit, $11,400 Cost of goods sold, $12,000