Tuesday 26 September 2017

Absorption costing - template

Absorption costing - template

Revenue
Cost of goods sold
            Beginning inventory
            Variable manufacturing costs
            Allocated fixed manufacturing costs
            Cost of goods available for sale                       ________________
            Deduct ending inventory
            Adjustment for production volume variance   _________________
                        Cost of goods sold
Gross margin

Operating costs
            Variable operating costs
            Fixed operating costs                                        _________________
            Total operating  costs                                        _________________

Operating income
                                                                                            ============

            

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