Evening Corp. reports the following information for June. Calculate the gross profit and operating income for June using absorption costing: Item Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Amount $120,000 $30,000 $18,000 Variable Selling and Administrative Costs $12,000 Fixed Selling and Administrative Costs $4,000

Evening Corp. reports the following information for June. Calculate the gross profit and operating income for June using absorption costing: Item Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Amount $120,000 $30,000 $18,000 Variable Selling and Administrative Costs $12,000 Fixed Selling and Administrative Costs $4,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...

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