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Norwood Company has the following information for July: Sales $300,000 Variable cost of goods sold 141,000 Fixed manufacturing costs 45,000 Variable selling and administrative expenses
Norwood Company has the following information for July: Sales $300,000 Variable cost of goods sold 141,000 Fixed manufacturing costs 45,000 Variable selling and administrative expenses 30,000 Fixed selling and administrative expenses 21,000 Determine the following for Norwood Company for the month of July: a. Manufacturing margin b. Contribution margin $ c. Operating income $
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