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Colbert Company has the following information about its only product: Revenue $200,000 Direct materials used $9,000 Direct labor 17,000 Variable factory overhead 13,000 Fixed factory
Colbert Company has the following information about its only product:
Revenue $200,000
Direct materials used $9,000
Direct labor 17,000
Variable factory overhead 13,000
Fixed factory overhead 8,000
Variable selling and administrative expenses 22,000
Fixed selling and administrative expenses 11,000
Required:
Colbert Company uses absorption approach. Calculate the operating income.
calculate the operating income using contribution and absorption methods for each problem
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