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Variable Costing Norwood Company has the following information for July: Sales $510,000 Variable cost of goods sold 234,600 Fixed manufacturing costs 76,500 Variable selling and

Variable Costing

Norwood Company has the following information for July:

Sales $510,000
Variable cost of goods sold 234,600
Fixed manufacturing costs 76,500
Variable selling and administrative expenses 51,000
Fixed selling and administrative expenses 30,600

Determine the following for Norwood Company for the month of July:

a. Manufacturing margin $
b. Contribution margin $
c. Income from operations $

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