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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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