Question

March: Mandarin Company reports the following information (Click the icon to view the data,' Read the reguirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Data Table Mandarin Company Income Statement (Absorption Costing) For the Month Ended March 31 Net Sales Revenue S 72,500 Variable Cost of Goods Sold 13,800 Fixed Cost of Goods Sold 13,500 Variable Selling and Administrative Costs 10.500 Fixed Selling and Administrative Costs 5.800 Print Done Operating Income iRequirements Requirement 2. Calculate the contribution margin and operating income for March using variable costing Mandarin Company Income Statement (Variable Costing) 1. Calculate the gross profit and operating income for March using absorption costing For the Month Ended March 31 2. lculale trhe contribution margin and operating income for March using costing. Print Done Operating Income

Answer 1

Mandarin Company Income Statement (Absorption Costing) For the Month Ended March 31 Net Sales Revenue Cost of goods sold: Variable cost of goods sold Fixed cost of godds sold Gross profit Selling and Administration Costs: Variable selling and Admininnistrative Costs 72500 13800 13500 27300 45200 10500 Fixed Selling and Administrative costs 5800 16300 Operating Income 28900 Mandarin Company Income Statement (Variable Costing) For the Month Ended March 31 Net Sales Revenue 72500 Variable cost: cost of goods sold 13800 Selling costs Contribution margin Fixed costs: Cost of goods sold 10500 24300 48200 13500 Selling and Administrative costs 5800 19300 |Operating Income 28900