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calculate the gross margin for the month under absorption costing. FCC, Inc. reports the following information for July: - Sales $870,000 - Fixed cost of
calculate the gross margin for the month under absorption costing.
FCC, Inc. reports the following information for July: - Sales $870,000 - Fixed cost of goods sold $166,000 - Variable cost of goods sold $252,000 - Fixed selling and administrative costs $103,000 - Variable selling and administrative costs $128,000 Calculate the gross margin for the month under absorption costing (round your final answer to the nearest whole dollar, i.e. 104.735 would be 105) Step by Step Solution
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