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

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern