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Submitted by caramelduxe on February 25, 2005
Category: Miscellaneous
Words: 777 | Pages: 4
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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
...
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