Ormand Company uses variable costing for internal decision-making purposes and has the following information for June: Line Item Description Amount Sales $895,000 Variable cost of goods sold 440,000 Fixed manufacturing costs 165,000 Variable selling and administrative expenses 95,000 Fixed selling and administrative expenses 70,000 .

What is the operating income for June?

Answer rating: 100% (QA)

To calculate the operating income for June using variable costing we need to subtract the var... View the full answer