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Ferguson Company has the following information for March: Sales $600,000 Variable cost of goods sold 276,000 Fixed manufacturing costs 90,000 Variable selling and administrative expenses
Ferguson Company has the following information for March:
Sales | $600,000 |
Variable cost of goods sold | 276,000 |
Fixed manufacturing costs | 90,000 |
Variable selling and administrative expenses | 54,000 |
Fixed selling and administrative expenses | 36,000 |
Determine the following for Ferguson Company for the month of March:
a. Manufacturing margin | $ |
b. Contribution margin | $ |
c. Income from operations | $ |
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