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Brush Industries reports the following information for May: Sales $ 950,000 Fixed cost of goods sold 110,000 Variable cost of goods sold 260,000 Fixed selling
Brush Industries reports the following information for May:
| Sales | $ | 950,000 | |
| Fixed cost of goods sold | 110,000 | ||
| Variable cost of goods sold | 260,000 | ||
| Fixed selling and administrative costs | 110,000 | ||
| Variable selling and administrative costs | 135,000 | ||
Calculate the gross margin for May under absorption costing.
Multiple Choice
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$690,000
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$355,000
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$575,000
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$580,000
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Institutional Factors Affecting Internal Audit Benefits Of Controlling Institutional Factors That Affect Internal Audit
Authors: Brian Sempebwa, David B.
1st Edition
3659490911, 978-3659490910
