ndover Company reports the following information for June: Click the icon to vie

Question

ndover Company reports the following information for June: Click the icon to view the amounts.) alculate the gross profit and operating income for June using absorption costing egin by selecting the labels and entering the amounts to compute the contribution margin. Then, select the labels and enter the amounts to compute the operating Absorption Costing Net Sales Revenue Cost of Goods Sold i Data Table 745,000 Variable Cost of Goods Sold Fixed Cost of Goods Sold 210,000 Net Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs $ 745,000 210,000 197,000 166,000 81,000 197,000 407000 Gross Profit 338000 Selling and Administrative Costs: Varilable Selling and Administrative Costs166,000 Fixed Selling and Administrative Costs 81,000 247000 Operating Income 91000 Print Done Choose from any list or enter any number in the input fields and then continue to the next question

Explanation / Answer

Absorption Costing :-

Variable Costing :-

Particulars Amount($) Amount($) Net Sales Revenue 745000 Less : Cost of Goods Sold Variable 210000 Fixed 197000 (407000) Gross Profit 338000 Less : Selling and Administrative Costs Variable 166000 Fixed 81000 (247000) Operating Income 91000

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