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Variable Costing Norwood Company has the following information for September: Sales $630,000 Variable cost of goods sold 302,400 Fixed manufacturing costs 107,100 Variable selling and

Variable Costing

Norwood Company has the following information for September:

Sales $630,000
Variable cost of goods sold 302,400
Fixed manufacturing costs 107,100
Variable selling and administrative expenses 69,300
Fixed selling and administrative expenses 37,800

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

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

$

2)

Flexible Budgeting

At the beginning of the period, the Fabricating Department budgeted direct labor of $110,600 and equipment depreciation of $56,000 for 7,900 hours of production. The department actually completed 10,300 hours of production.

Determine the budget for the department, assuming that it uses flexible budgeting. $

3)image text in transcribed

Production Budget Pasadena Candle Inc. projected sales of 73,000 candles for the year. The estimated January 1 inventory is 4,400 units, and the desired December 31 inventory is 7,000 units. Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Pasadena Candle Inc. Production Budget For the Year Ending December 31 Total units available Total units to be produced

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