Managerial Accounting: Solved Assignments and Essays - Desklib

Running head: MANAGERIAL ACCOUNTING
Managerial Accounting
Name of the Student:
Name of the University:
Authors Note:

MANAGERIAL ACCOUNTING
1
Table of Contents
Question 1:.................................................................................................................................2
Question 2:.................................................................................................................................2
Question 3:.................................................................................................................................4
Question 4:.................................................................................................................................6

MANAGERIAL ACCOUNTING
2
Question 1:
The 4x4 Shop
Income Statement – Seat Liner Department
For the First Quarter of 2016
Particulars Amount
Sales $ 700,000
Less: Cost of goods sold $ 250,000
Selling expenses 70,000
Administrative expenses $ 36,250
Contribution $ 343,750
Less: fixed cost
Selling expenses $ 125,000
Administrative expenses $ 108,750
Net Income $ 110,000
Question 2:
Machine Hours Total Overhead Costs
March 60,000 $216,800
April 50,000 194,000
May 70,000 239,600
June 80,000 262,400
Utilities (V) $54,000