This PowerPoint presentation on variable costing and segment reporting provides a comprehensive overview of these important concepts in managerial accounting. It covers the principles of variable costing, including its advantages and disadvantages, and delves into how variable costing differs from absorption costing. Additionally, the presentation explains the importance of segment reporting in evaluating the financial performance of different business segments within an organization. It includes examples, case studies, and visual aids to enhance understanding and engagement.
Welcome to Chapter 6 of our comprehensive accounting series! In this presentation, we dive into the fascinating world of variable and absorption costing, exploring the principles and techniques behind cost allocation in financial reporting.Through this presentation, we aim to equip students and professionals alike with a solid understanding of variable and absorption costing, enabling them to make informed financial decisions.By examining real-world examples and case studies, we provide practical insights into the application of variable and absorption costing, ensuring students can effectively apply these concepts in their future careers.Whether you're a student seeking clarity on cost allocation methods or a professional looking to enhance your financial acumen, this presentation will serve as a valuable resource. Access the slides now and deepen your understanding of variable and absorption costing!Remember, knowledge is power, and understanding these fundamental accounting principles will contribute to your success in the complex world of finance. Happy learning!
the document is on Cost volume profit analysis.
(Cost-volume-profit (CVP) analysis is used to determine how changes in costs and volume affect a company's operating income and net income.)
Welcome to Chapter 6 of our comprehensive accounting series! In this presentation, we dive into the fascinating world of variable and absorption costing, exploring the principles and techniques behind cost allocation in financial reporting.Through this presentation, we aim to equip students and professionals alike with a solid understanding of variable and absorption costing, enabling them to make informed financial decisions.By examining real-world examples and case studies, we provide practical insights into the application of variable and absorption costing, ensuring students can effectively apply these concepts in their future careers.Whether you're a student seeking clarity on cost allocation methods or a professional looking to enhance your financial acumen, this presentation will serve as a valuable resource. Access the slides now and deepen your understanding of variable and absorption costing!Remember, knowledge is power, and understanding these fundamental accounting principles will contribute to your success in the complex world of finance. Happy learning!
the document is on Cost volume profit analysis.
(Cost-volume-profit (CVP) analysis is used to determine how changes in costs and volume affect a company's operating income and net income.)
To understand the basic concepts of marginal cost and marginal costing.
To understand the difference between the Absorption costing and Marginal Costing.
To learn the practical applications of Marginal costing.
To understand Breakeven charts & Limitation
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
Company 1Company #1Income StatementBalance SheetAll numbers in thoLynellBull52
Company 1Company #1Income StatementBalance SheetAll numbers in thousandsAll numbers in thousandsRevenue20182017Period Ending20182017Total Revenue14,134,73212,866,757Current AssetsCost of Revenue9,510,2388,668,505Cash And Cash Equivalents1,290,2941,111,599Gross Profit4,624,4944,198,252Short Term Investments512-Operating ExpensesNet Receivables87,86875,154Selling General and Administrative2,576,0982,395,608Inventory1,641,7351,512,886Total Operating Expenses12,086,33611,064,113Other Current Assets11,84713,642Operating Income or Loss2,048,3961,802,644Total Current Assets3,151,1572,813,049Income from Continuing OperationsLong Term Investments7121,288Total Other Income/Expenses Net-7,676-16,488Property Plant and Equipment2,382,4642,328,048Earnings Before Interest and Taxes2,048,3961,802,644Other Assets187,718166,966Interest Expense-18,847-19,569Deferred Long Term Asset Charges--Income Before Tax2,040,7201,786,156Total Assets5,722,0515,309,351Income Tax Expense677,967668,502Current LiabilitiesNet Income1,362,7531,117,654Accounts Payable1,059,8441,021,735Short/Current Long Term Debt84,973-Other Current Liabilities9,90224,559Total Current Liabilities1,926,4021,752,506Long Term Debt311,994396,493Other Liabilities434,347412,335Total Liabilities2,672,7432,561,334Stockholders' EquityPreferred Stock--Common Stock3,7963,919Retained Earnings2,071,4001,801,138Treasury Stock-318,252-272,755Capital Surplus1,292,3911,215,806Total Stockholder Equity3,049,3082,748,017Net Tangible Assets3,049,3082,748,017
Company 2Company #2Income StatementBalance SheetAll numbers in thousandsAll numbers in thousandsRevenue20182017Period Ending20182017Total Revenue38,972,93435,864,664Current AssetsCost of Revenue27,831,17725,502,167Cash And Cash Equivalents3,030,2002,758,477Gross Profit11,141,75710,362,497Short Term Investments-506,165Operating ExpensesNet Receivables860,000327,166Selling General and Administrative6,923,5646,375,071Inventory4,579,0004,187,243Total Operating Expenses34,754,74131,877,238Other Current Assets-12,217Operating Income or Loss4,218,1933,987,426Total Current Assets8,469,2008,485,727Income from Continuing OperationsLong Term Investments--Total Other Income/Expenses Net-44,982-130,838Property Plant and Equipment5,255,2005,006,053Earnings Before Interest and Taxes4,218,1933,987,426Goodwill97,600100,069Interest Expense-8,860-64,295Intangible Assets-144,900Income Before Tax4,173,2113,856,588Other Assets504,000321,266Income Tax Expense1,113,4131,248,640Deferred Long Term Asset Charges-6,558Net Income3,059,7982,607,948Total Assets14,326,00014,058,015Current LiabilitiesAccounts Payable2,644,1002,488,373Short/Current Long Term Debt--Other Current Liabilities-1,429,136Total Current Liabilities5,531,3005,125,537Long Term Debt2,233,6002,230,607Other Liabilities1,512,5001,331,645Total Liabilities9,277,4008,909,706Stockholders' EquityPreferred Stock--Common Stock5,048,600628,009Retained Earnings-4,962,159Treasury Stock--441,859Capital Surplus--Other Stockholder Equity--4 ...
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
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To understand the basic concepts of marginal cost and marginal costing.
To understand the difference between the Absorption costing and Marginal Costing.
To learn the practical applications of Marginal costing.
To understand Breakeven charts & Limitation
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
Company 1Company #1Income StatementBalance SheetAll numbers in thoLynellBull52
Company 1Company #1Income StatementBalance SheetAll numbers in thousandsAll numbers in thousandsRevenue20182017Period Ending20182017Total Revenue14,134,73212,866,757Current AssetsCost of Revenue9,510,2388,668,505Cash And Cash Equivalents1,290,2941,111,599Gross Profit4,624,4944,198,252Short Term Investments512-Operating ExpensesNet Receivables87,86875,154Selling General and Administrative2,576,0982,395,608Inventory1,641,7351,512,886Total Operating Expenses12,086,33611,064,113Other Current Assets11,84713,642Operating Income or Loss2,048,3961,802,644Total Current Assets3,151,1572,813,049Income from Continuing OperationsLong Term Investments7121,288Total Other Income/Expenses Net-7,676-16,488Property Plant and Equipment2,382,4642,328,048Earnings Before Interest and Taxes2,048,3961,802,644Other Assets187,718166,966Interest Expense-18,847-19,569Deferred Long Term Asset Charges--Income Before Tax2,040,7201,786,156Total Assets5,722,0515,309,351Income Tax Expense677,967668,502Current LiabilitiesNet Income1,362,7531,117,654Accounts Payable1,059,8441,021,735Short/Current Long Term Debt84,973-Other Current Liabilities9,90224,559Total Current Liabilities1,926,4021,752,506Long Term Debt311,994396,493Other Liabilities434,347412,335Total Liabilities2,672,7432,561,334Stockholders' EquityPreferred Stock--Common Stock3,7963,919Retained Earnings2,071,4001,801,138Treasury Stock-318,252-272,755Capital Surplus1,292,3911,215,806Total Stockholder Equity3,049,3082,748,017Net Tangible Assets3,049,3082,748,017
Company 2Company #2Income StatementBalance SheetAll numbers in thousandsAll numbers in thousandsRevenue20182017Period Ending20182017Total Revenue38,972,93435,864,664Current AssetsCost of Revenue27,831,17725,502,167Cash And Cash Equivalents3,030,2002,758,477Gross Profit11,141,75710,362,497Short Term Investments-506,165Operating ExpensesNet Receivables860,000327,166Selling General and Administrative6,923,5646,375,071Inventory4,579,0004,187,243Total Operating Expenses34,754,74131,877,238Other Current Assets-12,217Operating Income or Loss4,218,1933,987,426Total Current Assets8,469,2008,485,727Income from Continuing OperationsLong Term Investments--Total Other Income/Expenses Net-44,982-130,838Property Plant and Equipment5,255,2005,006,053Earnings Before Interest and Taxes4,218,1933,987,426Goodwill97,600100,069Interest Expense-8,860-64,295Intangible Assets-144,900Income Before Tax4,173,2113,856,588Other Assets504,000321,266Income Tax Expense1,113,4131,248,640Deferred Long Term Asset Charges-6,558Net Income3,059,7982,607,948Total Assets14,326,00014,058,015Current LiabilitiesAccounts Payable2,644,1002,488,373Short/Current Long Term Debt--Other Current Liabilities-1,429,136Total Current Liabilities5,531,3005,125,537Long Term Debt2,233,6002,230,607Other Liabilities1,512,5001,331,645Total Liabilities9,277,4008,909,706Stockholders' EquityPreferred Stock--Common Stock5,048,600628,009Retained Earnings-4,962,159Treasury Stock--441,859Capital Surplus--Other Stockholder Equity--4 ...
Palestine last event orientationfvgnh .pptxRaedMohamed3
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Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity Green house effect & Hydrological cycle
Types of Ecosystem
(1) Natural Ecosystem
(2) Artificial Ecosystem
component of ecosystem
Biotic Components
Abiotic Components
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Genetic Biodiversity
Species Biodiversity
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2. Table of Contents
• Explain How Variable Costing Differ from Absorption Costing and
Compute Unit product cost
• Prepare Income Statement using Both variable and absorption Costing
• Reconcile Variable Costing and Absorption Costing Net operating Income.
• Prepare a segmented Income Statement That differentiate Traceable
Fixed Cost From Common Cost and Use itTo mae dicision .
• Commute Companywide and Segmented Breakeven Point For a Company
with Traceable Fixed Cost.
2
3. Overview of Variable and Absorption
Costing
Variable Costing
Under variable costing, only those
manufacturing costs that vary with
output are treated as product costs.
This would usually include direct
materials, direct labor, and the
variable portion of manufacturing
overhead. Fixed manufacturing
overhead is not treated as a product
cost under this method.
Absorption Costing
Absorption costing treats all
manufacturing costs as product
costs, regardless of whether they
are variable or fixed. The cost of
a unit of product under the
absorption costing method
consists of direct materials, direct
labor, and both variable and fixed
manufacturing overhead
3
9. • how Weber Light Aircraft computed its variable costing net operating income for each month is
to focus on the contribution margin per aircraft sold, which is computed as follows:
9
10. • The variable costing net operating income for each period can always be computed by
multiplying the number of units sold by the contribution margin per unit and then
subtracting total fixed expenses. For Weber Light Aircraft these computations would
appear as follows:
10
11. Absorption Costing Income Statement
• The first step in preparing Weber’s absorption costing income statements for January,
February, and March is to determine the company’s unit product costs for each month as
follows:
11
12. Absorption Costing Income Statement
• the company’s absorption costing net operating income in each month would be
determined as shown in Exhibit 6–3.
12
13. Reconciliation of Variable Costing with Absorption Costing Income
• Variable costing and absorption costing net operating incomes can be
reconciled by determining how much fixed manufacturing overhead was
deferred in, or released from, inventories during the period:
13
16. Segmented Income Statements and the Contribution Approach
• segmented income statements are useful for analyzing the profitability of
segments, making decisions, and measuring the performance of segment
managers.
Segmented Income Statements—An Example
16
19. Break-Even Analysis
• ProphetMax’s total traceable fixed expenses are $171,000 and
its total common fixed expenses are $85,500. Furthermore, the
company’s overall contribution margin of $270,000 divided by
its total sales of $500,000 equals its overall CM ratio of 0.54.
Given this information, ProphetMax’s companywide break-even
point is computed as follows:
Dollar sales for company to break even = Traceable fixed
expenses + Common fixed expenses/ Overall CM ratio
= $171,000 + $85,500/ 0.54
=$256,500/0.54
= $475,000
19
20. • the Business Products Division’s traceable fixed expenses are $90,000 and its CM ratio is 0.50
($150,000 ÷ $300,000). Given this information, the Business Products Division’s break-even point is
computed as follows:
Dollar sales for a segment to break even = Segment
traceable fixed expenses/ Segment CM ratio
=$90,000/0.50
= $180,000
20
21. the Consumer Products Division’s traceable fixed expenses are
$81,000 and
its CM ratio is 0.60 ($120,000 ÷ $200,000), its break-even point is
computed as follows:
Dollar sales for a segment to break even = Segment traceable
fixed expenses / Segment CM ratio
= $81,000 / 0.60
= $135,000
21
22. • the sum of the segment break-even sales figures of $315,000 ($180,000+ $135,000) is
less than the companywide break-even point of $475,000. This occurs because the
segment break-even calculations do not include the company’s common fixed expenses.
The exclusion of the company’s common fixed expenses can be verified by preparing
income statements based on each segment’s break-even dollar sales as follows:
22
23. About Sukkur IBA University Kandhkot Campus
Sukkur IBA University – Kandhkot Campus has been
established to offer access to quality education to the people
of underprivileged areas of Pakistan. With its geographical
importance in Kandhkot city, the campus provides easy
access to the students hailing from south Punjab, northern
Sindh, and south-east Baluchistan. The campus offers
admission in various programs including undergraduate,
foundation semester, summer program, and short courses.
Undergraduate programs offered in three important
disciplines:
Bachelor of Business Administration
Bachelor of Computer Science
Bachelor of Education