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Chapter 2: Absorption Costing vs. Variable Costing
Karten in diesem Stapel (6)
- 1Full Absorption CostingTraditional Income Statement
FOH and VOH costs are product costs;
all others are period costs.
=DM+DL+FOH+VOH - 2Variable CostingContribution Margin Income Statement
Only VOH is product cost;
FOH and all other costs are period costs.
=DM+DL+VOH - 3Period Costs under Absorption CostingS, G, & A
- 4Period Costs under Variable CostingFOH, S, G, & A
- 5Costs at End Fin Goods Inv= Cost/Unit produced (Units at EFG)
BFG+Units Produced=EFG+Units Sold - 6Calculate Difference between incomes when using VC vs. ACAC income - VC income = FOH Rate (UP-US)
FOH Rate= FOH/UP
If UP>US, then ACinc >VCinc
If UP
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- Cost Accounting Karteikarten am Chapter 2: Absorption Costing vs. Variable Costing, erstellt von L F am 29/09/2017.
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