Arianell,Inc Calculate the Gross Profit for August Using Absorption Costing

question 143

Multiple Choice

Arianell,Inc.reports the following information for August: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 900,000 \\\hline \text { Variable Cost of Goods Sold } & 200,000 \\\hline \text { Fixed Cost of Goods Sold } & 45,000 \\\hline \text { Variable Selling and Administrative Costs } & 160,000 \\\hline \text { Fixed Selling and Administrative Costs } & 55,000 \\\hline\end{array}$$ Calculate the gross profit for August using absorption costing.

• A) $845,000
• B) $740,000
• C) $700,000
• D) $655,000

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Definitions:

Ronald Reagan

The 40th President of the United States (1981-1989), known for his conservative policies and role in ending the Cold War.

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