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Variable Costing Norwood Company has the following information for February: Sales $570,000 Variable cost of goods sold 256,500 Fixed manufacturing costs 85,500 62,700 Variable selling
Variable Costing Norwood Company has the following information for February: Sales $570,000 Variable cost of goods sold 256,500 Fixed manufacturing costs 85,500 62,700 Variable selling and administrative expenses Fixed selling and administrative expenses 34,200 Determine the following for Norwood Company for the month of February: a. Manufacturing margin b. Contribution margin ta c. Operating income $
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