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Home Q & A Board Other Fields Homework Help Business Accounting
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Nimtrans, Inc. reports the following information for August:

Sales Revenue   $900,000
Variable Cost of Goods Sold   200,000
Fixed Cost of Goods Sold   45,000
Variable Selling and Administrative Costs   160,000
Fixed Selling and Administrative Costs   55,000

Calculate the gross profit for August using absorption costing.
A) $845,000
B) $700,000
C) $740,000
D) $655,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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7 years ago
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