Brush Electronics reports the following information for July: • Sales Revenue = $1,200,000 • Fixed Cost of Goods Sold = $150,000 • • Variable Cost of Goods Sold = $320,000 Fixed Selling & Admin Costs = $140,000 (not included in COGS) Variable Selling & Admin Costs = $175,000 (not included in COGS) Calculate the Gross Margin under Absorption Costing.

Brush Electronics reports the following information for July: • Sales Revenue = $1,200,000 • Fixed Cost of Goods Sold = $150,000 • • Variable Cost of Goods Sold = $320,000 Fixed Selling & Admin Costs = $140,000 (not included in COGS) Variable Selling & Admin Costs = $175,000 (not included in COGS) Calculate the Gross Margin under Absorption Costing.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects...

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