Essay About Total Overhead Costs And Total Manufacturing Costs

Accounting
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AC505- MANAGERIAL ACCOUNTING WORKSHEETS
COST OF GOODS MANUFACTURED SCHEDULE
Direct Materials:
Raw Materials Inventory
_______
Add: Purchases of raw materials
_______
Raw Materials Available for Use
_______
Deduct: Raw Materials Inventory
_______
Raw Materials
________
Direct Labor
________
Manufacturing Overhead:
Rent on Facilities
________
Insurance
________
Indirect Labor
________
Utilities
________
Maintenance, factory
________
Depreciation, factory
________
Total Overhead Costs
________
Total Manufacturing Costs
________
Work in process inventory
________
Deduct: Work in process inventory
________
Cost of Goods Manufactured
________
COST OF GOODS SOLD
Beginning Finished Goods Inventory
________
Add: Cost of Goods Manufactured
________
Cost of Goods Available for Sale
________
Deduct: Finished Goods Inventory,
________
Cost of Goods Sold
________
INCOME STATEMENT
Sales
________
Less: Cost of Goods Sold
_______
Gross Margin
________
Less: Administrative Expenses
_______
Less: Selling Expenses
_______
Net Operating Income
________
JOINT PRODUCT COSTING
Units
Price
Total
Product A
(# of Units) x Unit Price =
$$$
Product B
Total
Revenue, if processed further
Less:
Additional Opportunity Costs
($$$)
Total Cost of Processing
Net Disadvantage of Processing
Alternative Method:
Revenue if processed further
$$$$
Revenue if Sold As Is
-($$$)
Incremental Revenue
Incremental Cost of Processing
-($$$)
Incremental Disadvantage
$$$$
MAKE/BUY DECISION
Buy (Seller Offering Goods)
Direct Materials
Direct Labor
Variable Overhead (% x #)
Total Cost to Make
Cost To Buy
Cost Saving
FLEXIBLE BUDGETING
Original Budget
Actual Costs
Direct Materials
Direct Labor
Variable Overhead
Fixed Overhead
Total
(Note: