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 Determine the following for Ferguson Company for the month of July: a. Manufacturing margin $340,000 159,800 54,400 34,000 20,400 146,200 X b. Contribution margin c. Income from operations Feedback Y Check My Work a. Sales- variable cost of goods sold manufacturing margin b. Manufacturing margin - vaniable selling and administrative expenses contribution margin c. Contribution margin-fixed costs -income from operations Learning Objective 1