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

question 147

Multiple Choice

Nimtrans,Inc.reports the following information for August: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 800,000 \\\hline \text { Variable Cost of Goods Sold } & 170,000 \\\hline \text { Fixed Cost of Goods Sold } & 70,000 \\\hline \text { Variable Selling and Administrative Costs } & 180,000 \\\hline \text { Fixed Selling and Administrative Costs } & 70,000 \\\hline\end{array}$$ Calculate the gross profit for August using absorption costing.

• A) $730,000
• B) $620,000
• C) $630,000
• D) $560,000

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Definitions:

Bulimia

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors such as vomiting, fasting, or excessive exercise.

Binge-eating Disorder

An eating disorder characterized by recurrent episodes of eating large quantities of food in a short period of time, often accompanied by feelings of loss of control and guilt.

Overweight

A condition where an individual has more body fat than is optimally healthy, often defined by a Body Mass Index (BMI) over 25.

Bulimia

An eating disorder characterized by binge eating followed by purging to prevent weight gain.