cost accounting easy mode

April Sales in units 3,000 Per Unit Sales revenue $ 420,000.00 $ 140 Cost of goods sold 168,000.00 $ 56 Gross margin 252,000.00 Selling and administrative expense Shipping expense 44,000.00 Mixed Advertising expense 70,000.00 Fixed Salaries and commissions 107,000.00 Mixed Insurance expense 9,000.00 Fixed Depreciation expense 42,000.00 Fixed Total selling and administrative expenses 272,000.00 Net operating income (loss) $ (20,000.00) Shipping expense Cost Volume High $ 56,000 4500 Low $ 44,000 3000 Difference $ 12,000 1500 Variable cost $ 8 Fixed cost $ 20,000

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Sheet1AprilMayJuneSales in units3,000Per Unit3,750Per Unit4,500Per UnitSales revenue$420,000.00$140$525,000.00$140$630,000.00$140Cost of goods sold168,000.00$56210,000.00$56252,000.00$56Gross margin252,000.00315,000.00378,000.00Selling and administrative expenseShipping expense44,000.00Mixed50,000.00Mixed56,000.00MixedAdvertising expense70,000.00Fixed70,000.00Fixed70,000.00FixedSalaries and commissions107,000.00Mixed125,000.00Mixed143,000.00MixedInsurance expense9,000.00Fixed9,000.00Fixed9,000.00FixedDepreciation expense42,000.00Fixed42,000.00Fixed42,000.00FixedTotal selling and administrative expenses272,000.00296,000.00320,000.00Net operating income (loss)$(20,000.00)$19,000.00$58,000.00

Shipping expenseSalariesCostVolumeCostVolumeHigh$56,0004500High$143,0004500Low$44,0003000Low$107,0003000Difference$12,0001500Difference$36,0001500Variable cost$8Variable cost$24Fixed cost$20,000Fixed cost$35,000

Sheet2Sales revenue$630,000Variable costs Cost of goods sold252,000 Shipping expense36,000 Salaries and commission expense108,000396,000Contribution margin234,000Fixed costs Shipping expense20,000 Advertising expense70,000 Salaries and commission expense35,000 Insurance expense9,000 Depreciation expense42,000176,000Net operating income (loss)$58,000

Sheet3Unit producedLabor time requiredto produce Xth unitCumulative total timein labor hoursTotal cost112001200$18,000.002960.01869511832160.0186951183$32,400.283842.55044857993002.5691436982$45,038.544768.02991248063770.5990561788$56,558.995714.797132574485.3961887488$67,280.946674.05348518085159.4496739296$77,391.757641.42249527775800.8721692074$87,013.08Unit producedLabor time requiredto produce Xth unitCumulative total timein labor hoursTotal cost1400400$6,000.002380.00015315780.00015315$11,700.003368.76782215231148.7679753022$17,231.524361.0002909851509.7682662872$22,646.525355.08817594881864.856442236$27,972.856350.32957223662215.1860144726$33,227.797346.35601670912561.5420311818$38,423.13Car price$104,000.00per unitSecurity materials$35,000.00per unitInternal materials$20,000.00per unitTotal cost (7 cars)$1,238,436.21Average cost (7 cars)$176,919.46Bid$265,379.19

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