6.2: Chapter 6 Study Plan
- Page ID
- 26074
\( \newcommand{\vecs}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \) \( \newcommand{\vecd}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash {#1}}} \)\(\newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\) \( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\) \( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\) \( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\) \( \newcommand{\Span}{\mathrm{span}}\) \(\newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\) \( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\) \( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\) \( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\) \( \newcommand{\Span}{\mathrm{span}}\)\(\newcommand{\AA}{\unicode[.8,0]{x212B}}\)
Study Plan: Variable Costing & Performance Reporting
Knowledge Targets
I can define the following terms as they relate to our unit:
Absorption costing | Variable costing | Fixed Costs | Variable Costs |
Segment | Segment Margin | Segmented Income Statement | Contribution Margin Income Statement |
Traceable Cost | Common cost | Cost per unit | Net Income |
Reasoning Targets
- I can identify costs as fixed or variable.
- I can explain the difference between variable costing and absorption costing.
- I can analyze and explain the difference in net income under variable costing and absorption costing.
- I can determine the profitability of each segment in a segmented income statement.
Skill Targets
- I can calculate cost per unit under variable costing.
- I can calculate cost per unit under absorption costing.
- I can prepare income statements using variable costing and absorption costing.
- I can prepare a segmented income statement.
Click Variable Costing for a printable copy.