Brush Industries reports the following information for May: Sales $940,000 Fixed cost of goods sold Variable cost of goods sold 108,000 258,000 Fixed selling and administrative costs 108,000 Variable selling and administrative costs 133,000 Calculate the operating income for May under absorption costing. Multiple Choice $549,000 $333,000 $366,000 $682,000

Brush Industries reports the following information for May: Sales $940,000 Fixed cost of goods sold Variable cost of goods sold 108,000 258,000 Fixed selling and administrative costs 108,000 Variable selling and administrative costs 133,000 Calculate the operating income for May under absorption costing. Multiple Choice $549,000 $333,000 $366,000 $682,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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