Question
Brush Industries reports the following information for May: Sales $ 940,000 Fixed cost of goods sold 108,000 Variable cost of goods sold 258,000 Fixed selling
Brush Industries reports the following information for May:
| Sales | $ | 940,000 | |
| Fixed cost of goods sold | 108,000 | ||
| Variable cost of goods sold | 258,000 | ||
| Fixed selling and administrative costs | 108,000 | ||
| Variable selling and administrative costs | 133,000 | ||
Calculate the gross margin for May under absorption costing.
Multiple Choice
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$565,000
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$574,000
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$682,000
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$349,000
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
