Exam 2 (Chapter 5)

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Net Operating Income Under Absorption Costing

(Sales - COGS = Contribution Margin) - Fixed and Variable Selling and Admin Expense = NOI

Net Operating Income Under Variable Costing

(Sales - Variable Expenses = Contribution Margin) - Fixed Expenses = NOI

Inventory deferred in Ending Inventory

(Units Produced - Units Sold) x Fixed MOH per Unit

Segment Margin

Segment Contribution Margin - Traceable fixed costs of a Segment

Total Gross Margin under Absorption Costing

Sales (Units Sold x Selling Price) - COGS (Units Sold x UPC)

Unit Product Cost under Variable Costing

DM + DL + Var MOH

Unit Product Cost under Absorption Costing

DM + DL + Var MOH + Fix MOH

Fixed MOH Per Unit

Fixed MOH/Units Produced

Dollar Value of Ending Finished Goods Inventory under Absorption Costing

Fixed Manufacturing Unit Product Cost x Units in Ending Inventory

Reconcile Variable Costing NOI to Absorption Costing NOI

Variable Costing NOI + Inventory deferred in Ending Inventory

Dollar Value of Ending Finished Goods Inventory under Variable Costing

Variable Manufacturing Unit Product Cost x Units in Ending Inventotry


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