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

Cornerstones of Cost Management (Cornerstones Series)
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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
$98,150
Variable Cost of Goods Sold
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 $98,150 Variable Cost of Goods Sold 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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