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Variable Costing Ferguson Company has the following information for September: Sales $650,000 Variable cost of goods sold 312,000 Fixed manufacturing costs 110,500 Variable selling and
Variable Costing Ferguson Company has the following information for September: Sales $650,000 Variable cost of goods sold 312,000 Fixed manufacturing costs 110,500 Variable selling and administrative expenses 58,500 Fixed selling and administrative expenses 39,000 Determine the following for Ferguson Company for the month of September: a. Manufacturing margin b. Contribution margin c. Income from operations
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