bacc222 variable costing

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6 Terms

1
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variable cost of goods sold

(beginning inventory x variable cost per unit of beginning inventory) + (units sold from current production x cost per unit)

2
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variable cost per unit of beginning inventory

total cost of beginning inventory / units in beginning inventory

3
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units sold from current production

units sold - beginning inventory

4
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contribution margin

sales revenue - variable costs

5
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variable costs

COGS + variable sell/admin expenses (units sold. variable sell/admin cost per unit)

6
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operating income

contribution margin - fixed costs (fixed MOH + fixed NMOH)