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Calculate the gross profit and operating income for June using absorption costing. Begin by selecting the labels and entering the amounts to compute the
Calculate the gross profit and operating income for June using absorption costing. Begin by selecting the labels and entering the amounts to compute the contribution margin. Then, select the labels and enter the amounts to compute the operating income. Absorption Costing Net Sales Revenue 725000 Cost of Goods Sold Variable Cost of Goods Sold Data table 215000 Fixed Cost of Goods Sold 192000 Gross Profit 407000 318000 Net Sales Revenue $ 725,000 Variable Cost of Goods Sold 215,000 Selling and Administrative Costs: Fixed Cost of Goods Sold 192,000 Variable Selling and Administrative Costs 166000 Variable Selling and Administrative Costs 166,000 Fixed Selling and Administrative Costs 77000 243000 Operating Income 75000 Fixed Selling and Administrative Costs 77,000 Print Done
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