Solution-Create variable format and gaap format income

Create variable format and gaap format income statements

Assignment Help Accounting Basics

Reference no: EM131842100

Question: 1. a) Compute a, b, of Y=a + bx

b) Compute projected spending @ 5750 units

c) prepare chart showing difference from formula determine & each actual value

d) With regression what would be the slope and intercept for Y = a + bx

Hi-Lo Method

A	B	C
	Actual = X	Actual = Y
	Units	$
B8	5500	$21,000
B9	5600	$21,200
B10	5800	$21,600
B11	6400	$22,700
B12	5400	$19,900
B13	5900	$22,000

2. a) Complete chart above

b) Create Variable Format AND GAAP format income statements

Fixed/Variable Income Statement

		Product	Period	Amount
	Product Materials			$950,000
	Direct Labor spending per unit			$0.70
	Variable MOH per product unit			$2.25
	Fixed Sellng			$165,500
	Variable Selling per unit			4.50%	of Sales $s
	Adminstrative			$149,000
	Fixed Manufacturing OH			$218,000

Sales Quantity		105,000
Sales price per unit		$20.00

Reference no: EM131842100

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Create variable format and gaap format income statements

Reference no: EM131842100

Reference no: EM131842100

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