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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Chapter2: Basic Cost Management Concepts
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Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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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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