29 Jun Question module 3 case study
Question
module 3 case study
Managerial accounting emphasizes short-term profit analysis, so the income statement is very important. Consequently, we’ll examine and discuss income statements in this case.
Keep the analysis from the SLP in mind when addressing the questions below.
Explain the main differences between the absorption and contribution (behavioral, variable) income statements. Will net income always be the same under the two approaches? If not, explain the difference.
Comment specifically on why companies feel the need to create yet another income statement in a different format. What information can the company gleam from this approach which is helpful as a tool in the decision making process.
Explain situations in which break-even analysis can be a useful tool. Provide a specific example.
The submission should be 2 to 4 pages and need to include answers to all the questions listed above. Include references in APA format.
Modular Case Expectations
It is important to answer the questions above. The discussion should be two to four pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.
module 3 SLP
Below find production and sales information for Herrestad Company. We will use this same company for the remaining SLPs.
Product information
Beginning inventory
0
Units produced
10,000
Units sold
8,000
Selling price per unit
$250
Variable costs per unit
Direct material
100
Direct labor
50
Variable overhead
30
Variable selling and administrative
10
Fixed costs
Fixed manufacturing overhead
200,000
Fixed selling and administrative
100,000
Herrestad Company
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