Marsich Company has the following information for September: Sales Variable cost of goods sold Fixed manufacturing costs $500,000 $235,000 $80,000 Variable selling and administrative expenses $45,000 Fixed selling and administrative expenses $30,000 Determine the following for Marsich Company for the month of September. 1. Manufacturing margin 2. Contribution margin 3. Income from operations
Marsich Company has the following information for September: Sales Variable cost of goods sold Fixed manufacturing costs $500,000 $235,000 $80,000 Variable selling and administrative expenses $45,000 Fixed selling and administrative expenses $30,000 Determine the following for Marsich Company for the month of September. 1. Manufacturing margin 2. Contribution margin 3. Income from operations
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Marsich Company has the following information for
September:
Sales
Variable cost of goods sold
Fixed manufacturing costs
$500,000
$235,000
$80,000
Variable selling and administrative expenses $45,000
Fixed selling and administrative expenses $30,000
Determine the following for Marsich Company for the month
of September.
1. Manufacturing margin
2. Contribution margin
3. Income from operations
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