t the labels and enter the amounts to compute the operating

t the labels and enter the amounts to compute the operating income. Data Table Net Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs $ 765,000 210,000 180,000 154,000 81.000 Print Done estion

Solution

Absorption Costing Income Statement

Net Sales Revenue

$765,000

Cost of goods sold

Variable cost of goods sold

210,000

Fixed cost of goods sold

180,000

390,000

Gross profit

375,000

Operating Expenses

Variable selling and Administrative costs

154,000

Fixed selling and Administrative costs

81,000

235,000

Net Operating Income

140,000

Absorption Costing Income Statement
Net Sales Revenue		$765,000
Cost of goods sold
Variable cost of goods sold	210,000
Fixed cost of goods sold	180,000	390,000
Gross profit		375,000
Operating Expenses
Variable selling and Administrative costs	154,000
Fixed selling and Administrative costs	81,000	235,000
Net Operating Income		140,000