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Variable Costing

Ferguson Company has the following information for July:

Sales

Variable cost of goods sold

Fixed manufacturing costs

Variable selling and administrative expenses

Fixed selling and administrative expenses

$$790,000$

$379,200$

$126,400$

$71,100$

$55,300$

Determine the following for Ferguson Company for the month of July:

a$.$ Manufacturing margin

b$.$ Contribution margin

c$.$ Operating income

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