Philadelphia Company has the following information for March: Line Item Description Amount Sales $452,028 Variable cost of goods sold 201,145 Fixed manufacturing costs 78,853 Variable selling and administrative expenses 53,507 Fixed selling and administrative expenses 33,879 Determine the March: Line Item Description Amount a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income for Philadelphia Company $fill in the blank 3

Philadelphia Company has the following information for March: Line Item Description Amount Sales $452,028 Variable cost of goods sold 201,145 Fixed manufacturing costs 78,853 Variable selling and administrative expenses 53,507 Fixed selling and administrative expenses 33,879 Determine the March: Line Item Description Amount a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income for Philadelphia Company $fill in the blank 3

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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Line Item Description	Amount
Sales	$452,028
Variable cost of goods sold	201,145
Fixed manufacturing costs	78,853
Variable selling and administrative expenses	53,507
Fixed selling and administrative expenses	33,879

Line Item Description	Amount
a. Manufacturing margin	$fill in the blank 1
b. Contribution margin	$fill in the blank 2
c. Operating income for Philadelphia Company	$fill in the blank 3

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