Business, 10.12.2019 02:31 londonpaige

Bee company is a honey wholesaler. an income statement and other data for the second quarter of the year are given below:

bee company income statement for the quarter ended june 30 sales $ 960,000 cost of goods sold 420,000 gross margin 540,000 selling and administrative expenses: selling $ 200,000 administrative 75,000 275,000 net operating income $ 265,000 other data: average selling price $60 per unit selling expenses fixed selling expenses plus 8% of sales administrative expense fixed administrative expenses plus $2 per unit

bee company's net operating income for the second quarter using the contribution approach is:

$156,200
$685,000
$431,200
$265,000

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Bee company is a honey wholesaler. an income statement and other data for the second quarter of the...

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