Question
Variable Costing Ferguson Company has the following information for July: Sales $310,000 Variable cost of goods...
Variable Costing
Ferguson Company has the following information for July:
| Sales | $310,000 |
| Variable cost of goods sold | 145,700 |
| Fixed manufacturing costs | 46,500 |
| Variable selling and administrative expenses | 27,900 |
| Fixed selling and administrative expenses | 21,700 |
Determine the following for Ferguson Company for the month of July:
| a. Manufacturing margin | $ |
| b. Contribution margin | $ |
| c. Income from operations | $ |
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