Dracut Company reports the following information for June:

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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 contribution margin. Then, select the labels and enter the amounts to compute the operating income.

Information

$\backslash$table$[[$Net Sales Revenue,$735,000],[$Variable Cost of Goods Sold,$200,000],[$Fixed Cost of Goods Sold,$190,000],[$Variable Selling and Administrative Costs,$156,000],[$Fixed Selling and Administrative Costs,$67,000]]$

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Lexington Company reports the following information for June:

Absorption Costing

Net Sales Revenue

Cost of Goods Sold

Variable Cost of Goods Sold

Fixed Cost of Goods Sold

Gross Profit

Selling and Administrative Costs:

Variable Selling and Administrative Costs

Fixed Selling and Administrative Costs

Operating Income

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