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Philadelphia Company has the following information for March: Sales $493,428 Variable cost of goods sold 200,758 Fixed manufacturing costs 79,997 Variable selling and administrative expenses
Philadelphia Company has the following information for March:
| Sales | $493,428 |
| Variable cost of goods sold | 200,758 |
| Fixed manufacturing costs | 79,997 |
| Variable selling and administrative expenses | 51,774 |
| Fixed selling and administrating expenses | 31,586 |
Determine the March:
| a. Manufacturing margin | $292,670 |
| b. Contribution margin | $ 240,896 |
| c. Operating income for Philadelphia Company | $ 129,313 |
are these answers correct?
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
