Exam (elaborations) ACC406 (ACC406)

All Formulas
Overhead Costs ( General Formula- diff per question)
Total Production Cost
Production Cost Per Unit
Total Cost of Ending Finished Goods Inventory
Fixed Cost
CMR
CM Ratio
Variable costs if operating income ___( Target OI)
Change in Operating Income
VCR = sum of all variable %’s
CMR
CM
Profit
BE Sales
Sales for target profit
MOS $ = Sales − BE Sales; MOS % = MOS $ ÷ Sales
Proposal: recompute with new sales and new fixed, keep CMR the same.

*PROF SAID INCOME STATEMENT WILL NOT BE COMING*

, All Formulas
Indirect Materials+ Indirect Labour+ Other Indirect Production Costs
Direct Materials + Direct Labor + Manufacturing Overhead
Total Production Cost/ Units Produced
Ending Finished Goods- Units Sold= [answer]* production cost per unit
Total Cost- v(hours)
If there are no variable costs, then the CMR is always 1- normally its between 0 to 1
Contribution Margin/Sales
(Fixed + Target OI)/CMR
CMR*Sales

1-VCR
CMR* SALES
CM- FIXED
FIXED+ CMR
( FIXED+ TARGET) + CMR

keep CMR the same.

E COMING*

,
, CCS Company provided the following information regarding its first year of operations (13 marks):

Administrative Cost ###
Amortization on production equipment CA$5,000
Indirect Materials CA$1,500
Marketing Costs ###
Plant Supervisory Salaries ###
Direct Labour Wages ###
Direct Material Used ###
Selling Costs ###
Rent on production facilities CA$5,000
Sales Revenues ###
Sales Manager's Salary ###

Units Produced (16,000)
Units Sold (1,000)

Determine the following amounts:
a) Total Overhead Cost ###
b) Total Production Cost ###
c) Production Cost per unit CA$5
d) Total cost of ending finished goods inventory ###
e) Total Cost of goods sold