​Morwenna, Inc. reports the following information for​ August:   Sales Revenue $700,000 Variable Cost of Goods Sold 170,000 Fixed Cost of Goods Sold 45,000 Variable Selling and Administrative Costs 160,000 Fixed Selling and Administrative Costs 75,000   Calculate the operating income for August using absorption costing.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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​Morwenna, Inc. reports the following information for​ August:
 
Sales Revenue
$700,000
Variable Cost of Goods Sold
170,000
Fixed Cost of Goods Sold
45,000
Variable Selling and Administrative Costs
160,000
Fixed Selling and Administrative Costs
75,000
 
Calculate the operating income for August using absorption costing.
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