Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Maya Company reports the following information for March:
View the data.
Read the requirements.
Data
Requirement 1. Calculate the gross profit and operating income for March using absorption costing.
Maya Company
Income Statement (Absorption Costing)
For the Month Ended March 31
Net Sales Revenue
$
72,500
Variable Cost of Goods Sold
24,500
Fixed Cost of Goods Sold
8,400
Variable Selling and Administrative Costs
Fixed Selling and Administrative Costs
9,500
5,800
Operating Income
Print
Done
Requirements
1. Calculate the gross profit and operating income for March using absorption
costing.
2. Calculate the contribution margin and operating income for March using
variable costing.
Print
Done
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Transcribed Image Text:Maya Company reports the following information for March: View the data. Read the requirements. Data Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Maya Company Income Statement (Absorption Costing) For the Month Ended March 31 Net Sales Revenue $ 72,500 Variable Cost of Goods Sold 24,500 Fixed Cost of Goods Sold 8,400 Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 9,500 5,800 Operating Income Print Done Requirements 1. Calculate the gross profit and operating income for March using absorption costing. 2. Calculate the contribution margin and operating income for March using variable costing. Print Done
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