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Absorption Statement Peterson Jewelry had the following data (in thousands of South African Rands, ZAR) for a given period. Assume there are no inventories. Fill
Absorption Statement Peterson Jewelry had the following data (in thousands of South African Rands, ZAR) for a given period. Assume there are no inventories. Fill in the blanks. Sales ZAR ___ Direct materials 355 Direct labor __ Indirect manufacturing __ Manufacturing cost of goods sold 745 Gross margin 135 Selling and administrative expenses __ Operating income 30 Prime cost (direct materials + direct labor) 575
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