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Variable Costing Norwood Company has the following information for February: Sales $520,000 Variable cost of goods sold 234,000 Fixed manufacturing costs 83,200 Variable selling and
Variable Costing
Norwood Company has the following information for February:
Sales | $520,000 |
Variable cost of goods sold | 234,000 |
Fixed manufacturing costs | 83,200 |
Variable selling and administrative expenses | 57,200 |
Fixed selling and administrative expenses | 36,400 |
Determine the following for Norwood Company for the month of February:
a. Manufacturing margin | $ |
b. Contribution margin | $ |
c. Income from operations | $ |
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