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jasenka [17]
3 years ago
11

Brush Industries reports the following information for May: Sales $ 915,000​ Fixed cost of goods sold 103,000​ Variable cost of

goods sold 253,000​ Fixed selling and administrative costs 103,000​ Variable selling and administrative costs 128,000​ Calculate the gross margin for May under absorption costing.
Business
1 answer:
VMariaS [17]3 years ago
6 0

Answer:

$559,000

Explanation:

Data provided as per the question below:-

Sales = $915,000

Variable cost of goods sold = $253,000

Fixed cost of goods sold = $103,000

The computation of gross margin is shown below:-

Gross Margin = Sales - Variable cost of goods sold - Fixed cost of goods sold

= $915,000 - $253,000 - $103,000

= $915,000 - $356,000

= $559,000

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In November 1, the note bears 12 month = 7%

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The predetermined overhead rate for manufacturing overhead for 2020 is $4.00 per direct labor hour. Employees are expected to ea
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Explanation:

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VF Corporation, maker of North Face and other popular "lifestyle" apparel brands, split itself into two separate organizations i
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<h3 /><h3>VF Corporation</h3>
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