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Variable Costing Leone Company has the following information for July: Sales $670,000 Variable cost of goods sold 301,500 Fixed manufacturing costs 100,500 Variable selling and
Variable Costing
Leone Company has the following information for July:
Sales $670,000
Variable cost of goods sold 301,500
Fixed manufacturing costs 100,500
Variable selling and administrative expenses 73,700
Fixed selling and administrative expenses 40,200
Determine the following for Leone Company for the month of July:
a. Manufacturing margin $__
b. Contribution margin $__
c. Income from operations $__
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