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Cambridge Company reports the following information for June: (Click the icon to view the...

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Question

Accounting

Cambridge Company reports the following information for June:
(Click the icon to view the amounts.)
Calculate the gross profit and operating income for June using absorption costing.
Begin 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.
Absorption Costing
Data table
Gross Profit
Net Sales Revenue
Variable Cost of Goods Sold
Fixed Cost of Goods Sold
$ 725,000
Variable Selling and Administrative Costs
235,000
182,000
Fixed Selling and Administrative Costs ,69,000
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