Question

Plymouth Company reports the following information for June (Click the icon to view the amounts) Calculate the contribution margin and operating income for June using variable costing Bogin by selecting the labels and entering the amounts to compute the contribution margin. Then, select the labels and enter the amounts to compute the operating income Variable Costing * Data Table $ Net Sales Revenue Variable Cost of Goods Sold Fred Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 775.000 230,000 180.000 106,000 69,000 Contribution Margin Print Done Choose from any list or enter any number in the input fields and then continue to the ne pr 12:22 AM

Answer 1

Plymouth Company

Variable Costing

Sales		775,000
Variable Costs:
Variable cost of goods sold	-230,000
Variable selling and administrative costs	-166,000	-396,000
Contribution Margin		$379,000
Fixed Costs:
Fixed cost of goods sold	-180,000
Fixed selling and administrative costs	-69,000	-249,000
Operating Income		$130,000

Cambridge Company

Absorption Costing

Sales		726,000
Cost of Goods Sold:
Variable cost of goods sold	-250,000
Fixed cost of goods sold	-194,000	-444,000
Gross Profit		282,000
Selling and Administrative Costs:
Variable selling and administrative cost	-166,000
Fixed selling and administrative cost	-65,000	-231,000
Operating Income		$51,000

Kindly comment if you need further assistance. Thanks‼!