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Salem Company reports the following information for June: (Click the icon to view the amounts.) Calculate the contribution margin and operating income for Juneusing variable 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. Variable Costing Contribution Margin Operating Income Data table Net Sales Revenue $ 726,000 Variable Cost of Goods Sold 205,000 Fixed Cost of Goods Sold 186,000 Variable Selling and Administrative Costs 162,000 Fixed Selling and Administrative Costs 65,000 - X

Salem Company reports the following information for June: (Click the icon to view the amounts.) Calculate the contribution margin and operating income for Juneusing variable 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. Variable Costing Contribution Margin Operating Income Data table Net Sales Revenue $ 726,000 Variable Cost of Goods Sold 205,000 Fixed Cost of Goods Sold 186,000 Variable Selling and Administrative Costs 162,000 Fixed Selling and Administrative Costs 65,000 - X

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:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 22BEA: Inventory Valuation under Variable Costing Refer to the data for Judson Company above. Required: 1....
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Salem Company reports the following information for June: K (Click the icon to view the amounts.) Calculate the contribution margin and operating income for Juneusing variable 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. Variable Costing Contribution Margin' Operating Income Data table Net Sales Revenue $ 726,000 Variable Cost of Goods Sold Fixed Cost of Goods Sold 205,000 186,000 Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 162,000 65,000 Print Done
Transcribed Image Text:Salem Company reports the following information for June: K (Click the icon to view the amounts.) Calculate the contribution margin and operating income for Juneusing variable 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. Variable Costing Contribution Margin' Operating Income Data table Net Sales Revenue $ 726,000 Variable Cost of Goods Sold Fixed Cost of Goods Sold 205,000 186,000 Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 162,000 65,000 Print Done
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