Question: Using the information provided, calculate the operating income for the period using absorption costing and variable costing. The following costs are in total. Sales Revenue

Using the information provided, calculate the operating income for the period using absorption costing and variable costing. The following costs are in total.

Sales Revenue (8,000 @ $20) $160,000

Variable product costs 50,000

Fixed product cost 20,000

Variable selling costs 4,600

Fixed Operating costs 10,000

The Company Manufactured 10,000 units.

1. A) What is the operating income using absorption costing?

B) Calculate the Difference between the two costing methods

C) What is the contribution margin using Variable costing?

D) What is Manufacturing Margin using Variable costing?

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