00:01
Finding out the cost of goods sold under absorption costing and here under variable costing.
00:19
Here direct material then direct labor it is 984 200 473 100 then variable factory overhead it is 235 600 then fixed variable actually overhead it is 157 700 so it gives a total costing of of 1850600 it's given in the question that 1850600 divided by it is for 19000 and sale is for 15000 so it comes 1461 ,000.
01:24
Under variable costing 984200, then 47300 and 235600.
01:37
So contribution margin will come out as, means the total costing as of now is 1696 ,000.
01:48
9 2 9 double 0.
01:51
For the cox calculation it will be 16929 double 0 into 15 upon 90.
02:00
So which gives 1311313365 double 0.
02:14
So this is the cox under variable cost x.
02:19
So making the income statement for galatian county motors.
02:31
So under absorption costing it would be sales to 1 double 0 triple 0 then here cox we calculated 1 4 6 1 triple 0 so gross profit came out as 639 triple 0 selling and administration expenses it is 397 800 so coming out as operating income as 2412 double zero...