Calculate the gross profit and operating income for June using absorption costing. Maynard Company reports the following

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Calculate the gross profit and operating income for June using absorption costing.

Maynard Company reports the following information for June:

Sales Revenue...................................................... $ 726,000

Variable Cost of Goods Sold .............................. 225,000

Fixed Cost of Goods Sold ................................... 175,000

Variable Selling and Administrative Costs ....... 150,000

Fixed Selling and Administrative Costs............ 63,000

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 11:12 AM

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Calculate the gross profit and operating income for June using absorption costing. Maynard Company reports the following

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Horngrens Financial and Managerial Accounting

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