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Phorty Company had the following information for the quarter ended September 30, 2020: Units manufactured 2,000 Units sold 1,900 Selling price per unit $300 Fixed
Phorty Company had the following information for the quarter ended September 30, 2020: Units manufactured 2,000 Units sold 1,900 Selling price per unit $300 Fixed manufacturing costs $100,000 Variable manufacturing costs (per unit): Direct materials $50 Direct labor $80 Variable overhead $40 Fixed selling expenses $20,000 Variable selling expenses (per unit) $10 NOTE: All answers must be in the format: Sadd ddd (S222,222) Under absorption costing, the gross profit (gross margin) for the quarter ended September 30, 2020 was type your answer... Under absorption costing the operating profit for the quarter ended September 30, 2020 was type your answer... Under variable costing, the contribution margin for the quarter ended September 30, 2020 was type your answer Under variable costing, the operating profit for the quarter ended September 30, 2020 was type your answer... Under variable costing, the ending Inventory at September 30, 2020 was type your
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