| es Inc Company | ||
| Income Statement (Absorbing cosTng) | ||
| Sales (5900*100) | 590000 | |
| Less : | ||
| Cost of gods sold | ||
| Fixed Overhead cost = (98000*5900/7000) | 82600 | |
| variable production cost (26*5900) | 153400 | |
| Cost of gods sold | 236000 | |
| Gross Margin | 354000 | |
| Selling General and admin Expenses | ||
| Fixed Selling and Admin Exp | 66200 | |
| Veriable Selling and Admin Exp (3*5900) | 17700 | |
| Total selling General and admin Expenses | 83900 | |
| Net Income /( Loss) | 270100 | |
