Can you please give answer ? Question:49Brush Industries reports the following information for May:SalesFixed cost of goods soldVariable cost of goods soldFixed selling and administrative costsVariable selling and administrative costs$ 9,50,0001,10,0002,60,0001,10,0001,35,000Calculate the operating income for May under absorption costing?a. $690,000b. $335,000c. $555,000d. $580,000

Step 1: Introduction to the Absorption CostingWhen using absorption costing, the fixed manufacturing…

Answered: Question:49 Brush Industries reports…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 18E

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Brush Industries reports the following information for May: Sales Fixed cost of goods sold $9,30,000 $ 1,06,000 Variable cost of goods sold $ 2,56,000 Fixed selling and administrative costs $ 1,06,000 Variable selling and administrative costs $ 1,31,000 Calculate the gross margin for May under absorption costing. a. $674,000 b. $343,000 c. $555,000 d. $568,000
Question 16 A merchandising company reported the following results for July, shown here $402.800 $169,100 $17.100 $14.200 $7.600 $30,100 Sales Cost of goods sold (all variable)) Total variable selling expense Total fised selling expense Total variable administrative expense Total fixed administrative expense

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