Question: This is an example of operating income using the absorption costing method: Sales $XXX Variable cost of goods sold ($XXX) Manufacturing margin $XXX Variable selling
This is an example of operating income using the absorption costing method:
| Sales | $XXX | |
| Variable cost of goods sold | ($XXX) | |
| Manufacturing margin | $XXX | |
| Variable selling and administrative expenses | ($XXX) | |
| Contribution margin | $XXX | |
| Fixed costs: | ||
| Fixed manufacturing costs | $XXX | |
| Fixed selling and administrative expenses | $XXX | |
| Total fixed costs | $XXX | |
| Operating income | $XXX |
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True
False
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