Question

Maynard Company reports the following information for March:

Sales Revenue ................ $ 67,850
Variable Cost of Goods Sold........ 22,250
Fixed Cost of Goods Sold ......... 12,800
Variable Selling and Administrative Costs... 16,500
Fixed Selling and Administrative Costs .... 5,200

Requirements
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.



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  • CreatedJanuary 16, 2015
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