Question

Moffett Company reports the following information for March:
Sales Revenue ............... $ 72,500
Variable Cost of Goods Sold ........ 14,360
Fixed Cost of Goods Sold ......... 12,100
Variable Selling and Administrative Costs .... 11,500
Fixed Selling and Administrative Costs ..... 6,400
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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  • CreatedJune 15, 2015
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