To Memorize Flashcards
Job Cost Sheet
Top Column: Job 1, Job 2 … Total
BWIP
DM
DL
AMOH
Total
Status Level 1
Level 2
Status
Completed: COGM
Sold: COGS
Not Sold: EFG
Incomplete: EWIP
Adjusted COGS
Unadjusted - over-applied MOH
Unadjusted + under-applied MOH
AMOH
PMOH * Actual Amount Used
PMOH
Estimated OH / Estimated Activity
Process Costing
Income Statement
Net Sales
COGS
BFG
COGM
COGAS
EFG
Less over-applied or plus under-applied
Adjusted COGS
Gross Profit
Less selling and admin
Net income
CVP Statement
Sales
-VC
=CM
-FC
=OI
-T
=NI
Operating Leverage
Total CM / OI before tax
CM per Unit
Total CM / units
Break-Even (units)
FC / CMu
or
FC + Target OI / CMu
Break-Even ($)
BEu x Selling Price
FC / CM ratio
FC + Target OI / CM ratio
CM Ratio
Total CM / Sales $
CMu / Selling Price
TSU
( FC + NI before tax ) / CMu
TS$
FC + NIBT / CMR
Target Sales $
TSU x Selling Price
Target Sales (units)
(FC + NI before tax) / CMu
COGM
DM Used
DL
MOH
=Total Manufacturing Cost
BWIP
-EWIP
=COGM
BFG
COGM
COGAS
-EFG
=COGS
Target NI (or OI) after tax
Total FC + (Target NI / 1 - Tax Rate)
BE% of Max Capacity
BE Units / Max Capacity
Margin of Safety Units
units - BEU
Margin of Safety Ratio
(sales - BE$) / sales
Margin of Safety $
sales - BE$
WABEU
FC / (CMU1 x SM1) + (CMU2 x SM2)
WABE$
FC / (CMR1 x SM1) + (CMR2 x SM2)
