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Morning Company reports the following information for March. Calculate the gross profit and operating income for March using absorption costing. Sales Revenue Variable Cost of Goods Sold $ 98,150 21,700 Fixed Cost of Goods Sold 14,200 Variable Selling and Administrative Costs 10,500 Fixed Selling and Administrative Cost 3,500

Morning Company reports the following information for March. Calculate the gross profit and operating income for March using absorption costing. Sales Revenue Variable Cost of Goods Sold $ 98,150 21,700 Fixed Cost of Goods Sold 14,200 Variable Selling and Administrative Costs 10,500 Fixed Selling and Administrative Cost 3,500

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Morning Company reports the following information for March. Calculate the gross profit and operating income for March using absorption costing. Sales Revenue Variable Cost of Goods Sold $ 98,150 21,700 Fixed Cost of Goods Sold 14,200 Variable Selling and Administrative Costs 10,500 Fixed Selling and Administrative Cost 3,500
Transcribed Image Text:Morning Company reports the following information for March. Calculate the gross profit and operating income for March using absorption costing. Sales Revenue Variable Cost of Goods Sold $ 98,150 21,700 Fixed Cost of Goods Sold 14,200 Variable Selling and Administrative Costs 10,500 Fixed Selling and Administrative Cost 3,500
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