pts 6 of 10 3 complete This Test ts the following informatio

pts 6 of 10 (3 complete) This Test ts the following information for March: ew the data.) stín i 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 S 68,050 13,800 10,100 10,500 4,600 Print Done enter any number in the input fields and then continue to the next q

Solution

CALCULATION OF CONTRIBUTION MARGIN AND OPERATING INCOME USING VARIABLE COSTING

SALE 68050

(-)VARIABLE COST (24300)

(13800+10500) ________

CONTRIBUTION 43750

(-)FIXED COST (14700)

(10100+4600) __________

OPERATING INCOME 29050

2)CALCULATE GROSS PROFIT AND OPERATING INCOME USING ABSORBTION COSTING

SALE 68050

(-)COST OF GOOD SOLD (23900)

(13800+10100) ________

GROSS PROFIT 44150

(-)SELLING & ADMIN EXPENSE (15100)

(10500+4600) _________

OPERATING INCOME 29050