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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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