Horizon Enterprises reports the following information for June: Description Amount Sales $1,200,000 Fixed cost of goods sold Variable cost of goods sold Fixed selling and administrative costs $150,000 $360,000 $140,000 Variable selling and administrative costs $180,000 Calculate the operating income for June under absorption costing: a. $650,000 b. $370,000 c. $470,000 d. $520,000

Horizon Enterprises reports the following information for June: Description Amount Sales $1,200,000 Fixed cost of goods sold Variable cost of goods sold Fixed selling and administrative costs $150,000 $360,000 $140,000 Variable selling and administrative costs $180,000 Calculate the operating income for June under absorption costing: a. $650,000 b. $370,000 c. $470,000 d. $520,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Give true answer the general accounting question