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Variable Costing Norwood Company has the following information for February: Sales $400,000 Variable cost of goods sold 188,000 Fixed manufacturing costs 68,000 Variable selling and
Variable Costing Norwood Company has the following information for February: Sales $400,000 Variable cost of goods sold 188,000 Fixed manufacturing costs 68,000 Variable selling and administrative expenses 44,000 Fixed selling and administrative expenses 28,000 Determine the following for Norwood Company for the month of February: a. Manufacturing margin b. Contribution margin c. Operating income
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