1. Absorption costing (Amount)
Revenue ( 19000*150) = 2850000
- COGS(460000 + 85*19000) = 2075000
Gross profit = 775000
-Fixed administrative cost = 280000
-Selling expenses(19000*20) = 380000
Net operating income = 115000
2.Variable costing ( Amount)
Revenue ( 19000*150 ) = 2850000
- Variable production expenses (85*19000) = 1615000
- Variable selling and administrative expenses (19000*20) = 380000
Contribution margin = 855000
-Fixed production expenses (including most overhead) = 460000
-Fixed selling and administrative expenses = 280000
Net Income = 115000
3.Throughput costing ( Amount)
Revenue (19000*150 ) = 2850000
-COGS (Direct Materials) (19000*20) = 380000
Throughput contribution = 2470000
-Direct Labor (19000*15) = 285000
-Factory overheads (460000+19000*50) = 1410000
-Selling and administrative expenses (280000+19000*20) = 660000
Income = 115000