1. Mirmo Company has the following information for November:

Sales P1,012,000

Variable cost of goods sold 524,000

Fixed manufacturing costs 62,000

Variable selling and administrative expenses 283,100

Fixed selling and administrative expenses 45,000

1. What is the manufacturing margin?
2. What is the contribution margin?
3. What is the gross profit?
4. What is the income from operation under absorption costing?
5. What is the income from operation under variable costing?