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Variable Costing Leone Company has the following information for February: Sales $600,000 Variable cost of goods sold 288,000 Fixed manufacturing costs 90,000 Variable selling and
Variable Costing
Leone Company has the following information for February:
| Sales | $600,000 |
| Variable cost of goods sold | 288,000 |
| Fixed manufacturing costs | 90,000 |
| Variable selling and administrative expenses | 60,000 |
| Fixed selling and administrative expenses | 36,000 |
Determine the following for Leone Company for the month of February:
| a. Manufacturing margin | $ |
| b. Contribution margin | $ |
| c. Operating income | $ |
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
