Accnt Hw P6-7 - 210,000 Total fixed expenses 370,000 Net...

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1 Sale 875,000 Variable Expenses: Variable cost of goods sold (35,000*12) 420,000 Variable selling and administrative expense (35,000*2) 70,000 Toal variable expenses 490,000 Contribution margin 385,000 Fixed expenses: Fixed manufacturing overhead 160,000 Fixed selling and administrative expense
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Unformatted text preview: 210,000 Total fixed expenses 370,000 Net operating income 15,000 2 Variable costing net operating income 15,000 Add fixed manufactuing overhead deferred in inventory under absorption costing 20,000 Absorption costing net operating income 35,000...
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This note was uploaded on 09/04/2011 for the course ECON 161 taught by Professor Jamesbaker during the Fall '11 term at University of Houston.

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