Net Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold $ 45,300 12,500 11,800 14,000 Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 5,400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using absorption and variable costing

Meyer Company reports the following information for March:

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.
Net Sales Revenue
Variable Cost of Goods Sold
Fixed Cost of Goods Sold
$ 45,300
12,500
11,800
14,000
Variable Selling and Administrative Costs
Fixed Selling and Administrative Costs
5,400
Transcribed Image Text:Net Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold $ 45,300 12,500 11,800 14,000 Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 5,400
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