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Question
Brush Industries reports the following information for May:Sales $900,000
Fixed cost of goods sold 100,000
Variable cost of goods sold 250,000
Fixed selling and administrative costs 100,000
Variable selling and administrative costs 125,000
Calculate the gross margin for May under absorption costing?
A. $650,000
B. $325,000
C. $525,000
D. $550,000
Answer
This answer is hidden. It contains 59 characters.
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