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Brush Industries reports the following information for May: Sales $ 995,000 Fixed cost of goods sold 119,000 Variable cost of goods sold 269,000 Fixed selling
Brush Industries reports the following information for May:
| Sales | $ | 995,000 | |
| Fixed cost of goods sold | 119,000 | ||
| Variable cost of goods sold | 269,000 | ||
| Fixed selling and administrative costs | 119,000 | ||
| Variable selling and administrative costs | 144,000 | ||
Calculate the operating income for May under absorption costing.
Multiple Choice
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$726,000
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$344,000
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$582,000
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$607,000
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Auditing And Systems Exam Questions And Explanations
Authors: Irvin N. Gleim, William A Hillison
18th Edition
1581943016, 978-1581943016
