§5 Supplementary explanations for the Managed-gross-profit chart theory |
5-1. Preface |
The
"Managed-Gross-Profit Chart Theory" is a method for charting an income statement
under absorption costing, or full costing. It was formulated by
me in
1996, which was publicly opened in references (1) or asked for patent in
references (2), (3) and (4). |
References |
In
reference (1) , written in Japanese, the theoretical formulation was made
leaving difficulty in mathematical derivations. The reason was that
my theory was in its formative stage. |
In reference (2), the equations were represented in completed forms of equations omitting some mathematical derivations. The 2nd kind of absorbed manufacturing overhead was not explained in full detail for simplicity. |
This
paper is presented for both users of the managed-gross-profit chart and persons who
intend to examine this theory, in order to
give supplementary explanations for these references, and to remark on
the chart from his user’s standpoint. |
The managed-gross-profit chart can be applied in various business situations. Users of the chart only need to know that an income statement under absorption costing can be easily converted to the chart, if they could not understand the mathematical derivations. |