Homework $7$

Variable and Absorption Costing using absorption costing?

Calculate reported income using each

method.

Do not use negative signs with any answers.

$\backslash$table$[[$Absorption Costing Income Statement$],[$Sales$,972,000],[$Cost of UrGoods Sold:,,$],[$Beginning Inventory,$0vv,],[$Variable Costs,$552,000,],[$Fixed Costs,$0,],[$Less: Ending Inventory,$0,],[$Cost of Goods Sold,,$621,000],[$Gross profit,$,351,000],[$Selling expense,,$153,000],[$Administrative expense,,$104,000],[$Net Income,,$94,000]]$

$\backslash$table$[[$Variable Costing Income Statement$],[$Sales$,,,,$$$,972,000vv$