Sunrise Corporation reports the following information for April. Calculate the gross profit and operating income for April using absorption costing. Item Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Amount ($) 120,000 30,000 20,000 Variable Selling and Administrative Costs 15,000 Fixed Selling and Administrative Costs 5,000

Sunrise Corporation reports the following information for April. Calculate the gross profit and operating income for April using absorption costing. Item Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Amount ($) 120,000 30,000 20,000 Variable Selling and Administrative Costs 15,000 Fixed Selling and Administrative Costs 5,000

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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Morning Company reports the following information for March: E (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Morning Company Income Statement (Absorption Costing) For the Month Ended March 31 Data Table Net Sales Revenue 67,850 Variable Cost of Goods Solłd 19,300 Operating income Fixed Cost of Goods Sold 8,400 Variable Selfing and Administrative Costs 16,500 Requirements Fixed Selling and Administrative Costs 3,800 1. Calculate the gross profit and operating income for March using absorption costing. 2. Calculate the contribution margin and operating income for March using variable costing. Print Done
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