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

question 117

Multiple Choice

Nimtrans,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:

Female Group

A specific cohort or assembly consisting exclusively of female participants or subjects.

Simple Random Sample

A method of sampling where each member of the population has an equal chance of being selected.

Wilcoxon Signed Rank Test

A non-parametric test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess whether their population mean ranks differ.

Absolute Difference

The non-negative difference between two values, disregarding the direction of difference.