第1页共69页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第1页共69页COMMERCEDEPARTMENTINTERNATIONALPROGRAMSDIPLOMAOFFINANCIALSERVICES(FNS50107)PREPAREANDANALYSEMANAGEMENTACCOUNTINGINFORMATION(FNSACCT613B)Answerstoexercises第2页共69页第1页共69页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第2页共69页SOLUTIONSTOEXERCISESUnitOne–VariableandAbsorptionCosting1.1a)Unitcostofproduction–AbsorptionDirectmaterials$150,000÷100,000units=$1.50/unitDirectlabour$200,000÷100,000units=$2.00/unitVariableoverhead$50,000÷100,000units=$0.50/unitFixedoverhead$100,000÷100,000units=$1.00/unit$5.00/unitb)Unitcostofproduction–VariableDirectmaterials$150,000÷100,000units=$1.50/unitDirectlabour$200,000÷100,000units=$2.00/unitVariableoverhead$50,000÷100,000units=$0.50/unit$4.00/unitc)Closinginventory–Absorption20,000unitsx$5.00=$100,000d)Closinginventory–Variable20,000unitsx$4.00=$80,000___________________________________________________________1.2a)Openinginventory–Absorption5,000unitsx$2.40=$12,000b)Closinginventory–Absorption30,000unitsx$2.40=$72,000c)Openinginventory–Variable5,000unitsx$2.00=$10,000d)Closinginventory–Variable30,000unitsx$2.00=$60,000_____________________________________________________________1.3a)IncomeStatementformonthended30thApril–AbsorptionCosting$$$Sales(40,000unitsx$22)880,000LessCOGS:OpeninginventoryNilProductioncosts:Directmaterials(40,000unitsx$5)200,000Directlabour(40,000unitsx$4)160,000Variableoverhead(40,000unitsx$1)40,000Fixedoverhead(40,000unitsx$2)80,000480,000480,000LessclosinginventoryNil480,000GrossProfit400,000Lessotherexpenses:Fixedselling&administration150,000Variableselling&administration(40,000unitsx$3)120,000270,000NetProfit130,000第3页共69页第2页共69页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第3页共69页第4页共69页第3页共69页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第4页共69页Incomestatementformonthended31stMay–Absorptioncosting$$$Sales(40,000unitsx$22)880,000LessCOGS:OpeninginventoryNilProductioncosts:Directmaterials(45,000unitsx$5)225,000Directlabour(45,000unitsx$4)180,000Variableoverhead(45,000unitsx$1)45,000Fixedoverhead(45,000unitsx$2)90,000540,000540,000Lessvolumevariance10,000530,000Lessclosinginventory(5,000unitsx$12)60,000470,000GrossProfit410,000Lessotherexpenses:Fixedselling&administration150,000Variableselling&administration(40,000unitsx$3)120,000270,000NetProfit140,000Incomestatementformonthended30tthJune–Absorptioncosting$$$Sales(38,000unitsx$22)836,000LessCOGS:Openinginventory(5,000unitsx$12)60,000Productioncosts:Directmaterials(35,000unitsx$5)175,000Directlabour(35,000unitsx$4)140,000Variableoverhead(35,000unitsx$1)35,000Fixedoverhead(35,000unitsx$2)70,000420,000480,000Plusvolumevariance10,000490,000Lessclosinginventory(2,000unitsx$12)24,000466,000GrossProfit370,000Lessotherexpenses:Fixedselling&administration150,000Variableselling&administration(38,000unitsx$3)114,000264,000NetProfit106,000b)IncomeStatementformonthended30thApril–VariableCosting$$$Sales(40,000unitsx$22)880,000LessVariableCOGS:OpeninginventoryNilVariableproductioncosts:Directmaterials(40,000unitsx$5)200,000Directlabour(40,000unitsx$4)160,000Variableoverhead(40,000unitsx$1)40,000400,000400,000LessclosinginventoryNil400,000GrossMargin480,000Lessothervariableexpenses:Variableselling&admini...
