Brush Manufacturing reports the following information for July: Sales $1,200,000 Fixed Cost of Goods Sold $150,000 Variable Cost of Goods Sold = $375,000 Fixed Selling and Administrative Costs = $120,000 Variable Selling and Administrative Costs = $160,000 Calculate the gross margin for July under absorption costing.

Brush Manufacturing reports the following information for July: Sales $1,200,000 Fixed Cost of Goods Sold $150,000 Variable Cost of Goods Sold = $375,000 Fixed Selling and Administrative Costs = $120,000 Variable Selling and Administrative Costs = $160,000 Calculate the gross margin for July 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

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 38E: Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month:...

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