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

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

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 4MCQ

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