Radiant Corp. reports the following for the month of July: Description Sales Amount $1,200,000 Fixed cost of goods sold $120,000 Variable cost of goods sold $300,000 Fixed selling and administrative cost $130,000 Variable selling and admin cost $150,000 What is the operating income under absorption costing?
Radiant Corp. reports the following for the month of July: Description Sales Amount $1,200,000 Fixed cost of goods sold $120,000 Variable cost of goods sold $300,000 Fixed selling and administrative cost $130,000 Variable selling and admin cost $150,000 What is the operating income under absorption costing?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Please provide the correct answer to this general accounting problem using valid calculations.

Transcribed Image Text:Radiant Corp. reports the following for the month of July:
Description
Sales
Amount
$1,200,000
Fixed cost of goods sold
$120,000
Variable cost of goods sold
$300,000
Fixed selling and administrative cost
$130,000
Variable selling and admin cost
$150,000
What is the operating income under absorption costing?
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